Alternative Lender Likely to Be Questioned in San Bernardino Terror Tragedy

| By:


Fox News has reported that terrorist Syed Farook received a $28,500 deposit two weeks before committing the terrorist act with his wife. The source of the money? WebBank.com, an FDIC-insured, state-chartered industrial bank based in Salt Lake City, Utah. Perhaps more notably, it’s the bank that originates loans for dozens of alternative lenders including Lending Club, Prosper, and Avant.

WebBank.com is reportedly refusing to comment but in all likelihood we are probably going to learn that the loan was made by an alternative lender.

As written on Fox News:

The loan and large cash withdrawal were described to Fox News by the source as “significant evidence of pre-meditation,” and further undercut the premise that an argument at the Christmas party on Dec. 2 led to the shooting.

If the loan was indeed originated on a marketplace lending platform like Lending Club or Prosper, hundreds of Americans could potentially face the horror of having bought shares in the loan and made it possible.

For now, all we know is that Farook got $28,500 through a WebBank.com deposit. I’ll post more as the story develops.

Last modified: December 7, 2015
Sean Murray



Category: p2p lending

Home p2p lending › Alternative Lender Likely to Be Questioned in San Bernardino Terror Tragedy


    Velocity Capital Group

    BizFund

    Balboa Capital

    Dedicated Financial GBC

    Fox Business Funding

    Accord Business Funding

    National Funding

    ByzFunder

    Unique Funding Solutions

    Main Street Finance Group

    deBanked CONNECT MIAMI

    Global Funding Experts

    Vox Funding

    Bitty Advance

    Fenix Capital Funding

    Meridian Leads

    Symplifi Capital

    Legend Funding

    BCCUSA

    Fresh Funding

    CapFront

    IAC - In Advance Capital

    Splash Advance

    Amerifi Capital

    SOS Capital

    Total Merchant Resources

    CFG Merchant Solutions