Suspect in Merchant Cash Advance Deal Backdooring Case Pleads GuiltyJune 18, 2016 | By: deBanked Staff
A case of stolen MCA deals has resulted in a conviction, deBanked has learned. Long Island resident Tyler Mashkow, who was arrested in February, had been charged with criminal possession of computer related material, a Class E felony, after a merchant cash advance ISO suspected their deal submissions were being rerouted.
On June 6th, Mashkow pled guilty to a lesser charger, attempted criminal possession of computer related material, a Class A misdemeanor.
deBanked first reported the story four months ago, but did not reveal the suspect’s name given his presumption of innocence even though it was logged in public records. Sources that were familiar with the events but preferred not to speak publicly about the matter, had told deBanked that the ISO had originally accused the merchant cash advance funding company of stealing their deals. The funder, insisting it wasn’t them, worked with the ISO to root out the problem. That investigation eventually led to Mashkow, who was arrested.
deBanked did not reach out to Mashkow for comment, but according to social media profiles, he is also an aspiring MMA fighter.Last modified: June 23, 2016