Michael Bloomberg Says Democrats Off Limits From Investigations

December 7, 2019
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Suspect Bloomberg News might have a bias or an agenda? On Friday, Michael Bloomberg, whose company owns Bloomberg News, told CBS news that his reporters were restricted from investigating Democratic candidates while he runs for President. “We just have to learn to live with some things. [The reporters] get a paycheck. But with your paycheck […]

Bloomberg is Officially Running for President

November 25, 2019
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Former NYC Mayor Michael Bloomberg is officially running for President. He announced it over the weekend. His campaign’s website paints him as a self-made entrepreneur who at 39-years old founded a company in a one-room office with the idea of turning a computer that connects users to a vast network of information and data. Today, […]

COJ Enforcer Gets COJ’d By City of New York And Is Forced to Resign NYC Marshal Position

November 7, 2019
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A New York City marshal at the center of a controversial Bloomberg News story series last year about “predatory lending,” has resigned after a city probe, the City of New York announced. Marshal Vadim Barbarovich was allegedly a prolific enforcer of New York judgments obtained by confession. After irregularities were discovered by the Department of […]

It’s Official, The Confession of Judgment Era is Over

June 19, 2019
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The New York State legislature passed a bill (S06395) late Thursday night that effectively eliminates Confessions of Judgment (COJ) in the small business finance industry. The Senate voted in favor 61-1. The Assembly voted in favor 83-43. The new law which goes into effect immediately after Governor Andrew Cuomo signs it, prohibits anyone from filing […]

Coming Soon: The End of Confession of Judgments (COJs) in New York State

January 16, 2019
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New York State plans to outlaw the use of Confession of Judgments (COJs) in small business loan contracts this year, according to details revealed in Governor Andrew Cuomo’s newly published Justice Agenda. The proposal, dubbed “Stopping Predatory Merchant Cash-Advance Loans,” is a 3-part plan to: Codify an FTC rule that prohibits COJs in consumer loans […]

Bloomberg Reporter Wipes His Twitter Account After deBanked Story

December 15, 2018
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Hours after deBanked drew attention to a suspicious exchange on twitter between a senior editor at Bloomberg LP and a New York State Senator, one of the Bloomberg reporters behind the highly questionable merchant cash advance series took drastic action, he deleted every tweet he’s ever posted. The series of events began on Thursday when […]

The Strange Connection Between Bloomberg, the AG’s Office, and the State Senator Proposing Legislation

December 14, 2018
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On Thursday, Bloomberg Senior Editor Robert Friedman publicly thanked New York State Senator Brad Hoylman and his colleagues over twitter for pledging to propose legislation in response to the (highly questionable) merchant cash advance series he produced with reporters Zachary Mider and Zeke Faux. When deBanked Chief Editor Sean Murray replied to it, to urge […]

Who Are the New York City Marshals?

November 28, 2018
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In 2017, New York City Marshal Ruth Burko earned less in poundage than she owed the city in annual fees. At 91-years old, Burko’s tenure as a city licensed judgment enforcer has finally come to an end. She technically announced her retirement at the end of 2016 but her long career began when Mayor John […]

Multimillionaire CEO Claims Predatory Lenders are Causing Him to Sell His Furniture for Food

November 22, 2018
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Two months ago, a billionaire hedge-fund manager named Philip Falcone, the 377th richest person in the United States who once “put the squeeze on Goldman Sachs,” led a Virginia-based investment group to make a strategic purchase of a local Telemundo TV station in Columbus, Ohio. The seller, a company led by local businessman Richard Schilg, […]

The Six Figure Wipeout

November 21, 2018
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Doug Duncan shows off his ride on facebook. He and his wife continued to draw a $130,000/year combined salary from the company Bloomberg Businessweek reported had been wiped out by a $40,000 transaction with a “predatory lender.” Prior to that, the Duncans’ business was averaging $4.3 million a year in sales In June 2017, Florida […]