Par Funding investors closer to getting their money back as $250M ... - MSN
WEBPar Funding, also known as Complete Business Solutions Group, its operators and outside salespeople raised more than $550 million from investors from 2011 to 2020 after making what prosecutors...
Par Funding Principals Plead Guilty to RICO Conspiracy, Securities ...
WEBSep 11, 2024 · Press Release. Par Funding Principals Plead Guilty to RICO Conspiracy, Securities Fraud, Obstruction of Justice, Related Charges. Wednesday, September 11, 2024. For Immediate Release. U.S. Attorney's Office, Eastern District of Pennsylvania.
Par Funding: Unraveling a Wild $550 Million Financial Scandal
WEBFeb 24, 2024 · Par Funding, a merchant cash-advance company, allegedly defrauded investors with false claims of profits and low defaults. The SEC and the feds say the firm and its executives, including Joe...
Par Funding case: Joseph LaForte and brother, James, to plead guilty
WEBSep 9, 2024 · A guilty plea from Joseph LaForte, 53, of Philadelphia, would mark the most significant development to date in the long-running, multipronged criminal and civil probes that led to Par Funding’s collapse and have mired the brothers in court in the years since.
Par Funding Receiver Urges Judge to Approve $45M Settlement …
WEBMay 7, 2024 · The court-appointed receiver aiming to claw back funds for investors defrauded by Philadelphia-based cash advance company Par Funding asked a Florida federal judge Monday to app rove a $45...
Par Funding Principals Charged in a RICO Indictment in Addition …
WEBFeb 27, 2024 · Three executives of Par Funding, a merchant cash advance company, are accused of running a RICO enterprise that defrauded investors, extorted customers, and obstructed justice. They face charges of securities fraud, tax evasion, perjury, and more.
Par Funding was a Ponzi scheme, judge rules, clears way for ... - MSN
WEBPar lawyers blamed the default on the nationwide drop in business activity due to COVID restrictions, an explanation the court later rejected. All payments had ended by June of …
Par Funding defendants settle with SEC, will repay money in $500 ...
WEBPar Funding blamed the reductions on the onset of COVID-19, but court data showed that the firm had filed nearly 1,500 lawsuits against defaulting borrowers in 2019, before the …
Par Funding probe: Principals indicted in long-running Philly …
WEBMay 23, 2023 · News. Par Funding probe: Principals indicted in long-running Philly financial fraud. Prosecutors charged founder and CEO Joseph LaForte and wife Lisa McElhone with counts including conspiracy, wire fraud, securities fraud, tax …
Dispute over seized jet reveals details in Par Funding criminal probe
WEBFBI agents seized the jet from an airport in Florida in 2020, along with $2.5 million in cash, the stocks, and millions more in company and personal assets, and IOUs from small …