THE BLACK HAND FORUM

CabriniGreen wrote: ↑Fri Oct 09, 2020 7:09 am

E. Lou Minotti wrote: ↑Fri Oct 09, 2020 6:59 am A good amount of the old pump and dump stock guys do funding like this now, and mortgages too. Lots of little offices in NYC's boros

Jesus, you have a great name, lol

Thank you.

E. Lou Minotti wrote: ↑Fri Oct 09, 2020 6:59 am A good amount of the old pump and dump stock guys do funding like this now, and mortgages too. Lots of little offices in NYC's boros

Those would be the guys to run this and they must be making big money. A lot of unsuspecting investors want into this class for the yield so at end of day when loans default they can just keep the investors money. Same stock scam , just new industry

E. Lou Minotti wrote: ↑Fri Oct 09, 2020 6:59 am A good amount of the old pump and dump stock guys do funding like this now, and mortgages too. Lots of little offices in NYC's boros

Jesus, you have a great name, lol

A good amount of the old pump and dump stock guys do funding like this now, and mortgages too. Lots of little offices in NYC's boros

I suspect the mob interest in merchant advance / lending business has grown as it’s the perfect industry for them to exploit

No usury laws, very lightly regulated, easy to hide behind LLCs with the potential for huge profits. A perfect set up for them.

After the credit crisis these small business lenders were popping up w everywhere in the metro area with many being run by Italians

Why risk racketeering when you can do the all this legally with the main risk being civil matters.

All just a guess but I wouldn’t be surprised if every family had their own shop these days