Newsletter Sent On: 08/27/2021

Something's Coming - deBanked Announcement Read more

IOU Financial Breaks All-Time Internal Loan Originations Record
IOU Financial originated $34.4M in Q2 and broke a record in July Read more

MJ Capital Investors Allege Wells Fargo Knew MJ Capital Funding Was a Ponzi Scheme
A class action lawsuit filed in the Southern District of Florida on behalf of MJ Capital Funding's investors is alleging that Wells Fargo knew that the company was a ponzi scheme. Read more

The MCA of the Student Loan Industry Agrees to Be Treated Like a Loan
If you thought only small businesses were selling their future income for cash upfront, then you haven't been paying attention to the student loan industry. More than five years ago, fintech compan... Read more

A Lawsuit Against Marcus Lemonis & Others is Scandalous
Marcus Lemonis, the star of CNBC's show The Profit, is no stranger to litigation, but a proposed amended complaint recently filed against him in a year-old dispute really lets loose. The 165-page grie... Read more

More Than 2,600 People Rally Around MJ Capital CEO Johanna Garcia
A petition in support of the CEO behind the alleged ponzi scheme has garnered more than 2,600 signatures Read more

Robinhood Posts Q2 Net Loss of $502M, Shareholders/Fans Pick Management's Brain on the Call
Robinhood posted a massive net loss last quarter to the tune of $502M on only $565M in revenue. Following the announcement, the company's earnings call was a bit unusual, sounding more like a live... Read more

How the MJ Capital Funding Alleged Ponzi Scheme Played Out in Real Time
After the SEC shut down Pompano Beach-based MJ Capital Funding for running what is believed to be a $100M ponzi scheme, more than 2,000 investors are now struggling to figure out what happens next. Bu... Read more

Community Banks Are Breaking Origination Records
Driven by commercial real estate deals, community banks are soaring Read more

The Great Resignation
Millennials and Gen Z are opting out of the work force Read more

New York Has a New Governor
Via AP Read more

Register for Broker Fair in NYC
Broker Fair is taking place on Dec. 6th! Read more


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