THE BLACK HAND FORUM

this business is what Rico was chasing Billy over

johnny_scootch wrote: ↑Mon Apr 24, 2023 5:25 am

CornerBoy wrote: ↑Tue Apr 19, 2022 7:33 am Mar Ga was his best friend and close to lance marino (midge's bro)

Lance was good people shame he passed so young. I remember his funeral at Torregrossa we had Flatbush Ave entirely closed off there were so many people in the street. I think I still have one of his On the Lam t-shirts down in my basement somewhere. Rip

he was also really funny. wonder what he wouldve done with his liffe

It’s not just restaurants, there are construction companies that went broke dealing with them to float payrolls. It’s really shady stuff. Beyond the interest rates, they’re known to file fraudulent judgements in court and attach company bank accounts/assets.

Bloomberg News did a really good expose on the industry yeses ago, profiling the Par Funding/LaForte company

I love how you referred to the Merchant Cash Advance business as "that cash advance business where they rip off restaurants" lmao.

Perfect. Really doesn't get any more succinct than that. That shit should be illegal.

It's arguably more predatory than any financial services product ever offered before it - and it's legality is a huge stain on our society, laws, and financial system as a whole. I can't wait until that whole industry is history and everyone involved, including the little brokers, are taken down and either crippled by asset forfeiture and settlements, or locked up.

Not a big surprise that the bit players who were working the phones back in the early 90s bucket shop days are into the MCA thing. If they managed to stay out of prison in the early/mid 2000s they were doing Subprime Mortgages as well . Lots of overlap between all 3 of those "industries" lot, and lots of involvement by NY/NJ as a whole more than most think (usually people think Florida, etc. when they think of the Subprime Mortgage days). There were so many dirty little brokerages out on Long Island and in Jersey.

I think Synergy Capital is "connected" - the owner is a Staten Island by way of Brooklyn guy in his early 50s who ... IIRC ... was around some Colombos back in the day. Lock his ass up.

MCA's should be outlawed.

Billy is a piece of trash real scum

He ran from Rico a few years back into traffic lol

with the dyed hair crazy

CornerBoy wrote: ↑Tue Apr 19, 2022 7:33 am Mar Ga was his best friend and close to lance marino (midge's bro)

Lance was good people shame he passed so young. I remember his funeral at Torregrossa we had Flatbush Ave entirely closed off there were so many people in the street. I think I still have one of his On the Lam t-shirts down in my basement somewhere. Rip

BensonHURST wrote: ↑Mon Apr 18, 2022 10:41 pm I remember Billy from Froggy's crew
He worked a beeper for M.G. who was above Marvin
He is about 50 now

I just did not know he was Rudy Ferrones nephew
Can you say how that is? His nephew?

So I can confirm it

he was working on WallStreet shortly after working the beeper
Which would make sense that he is now in the Cash-Advance business.

Corner Boy... Would you mind saying which corner you are from?

BensonHusrt----- in the 70's between 11th and 12th. Kived in Manhattan / LI since 90's and I'm in my 40's

I thought his name was Billy Morrison

Billy was a wild kid, I forget the name of the kid that he was always with that had the blonde hair, short kid, was built.

The last I seen him was before he went away for that case and I think he told me he was looking at about 5 years.

He was working as a caller on Wall Street

As I mentioned alot of guys that worked on Wall Street ended in the cash advance business.

This was so long ago my memory is shot.
Alot of guys that worked that beeper would end up messing up one way or another
With cash or drugs themselves.

And I remember M.G. would beat them down.

What was funny alot of times after they got beat down
A week later they would be all lumped up working the beeper again, with black eyes, their arm in a sling..

Mar Ga was his best friend and close to lance marino (midge's bro)

He is actually a cousin

I remember Billy from Froggy's crew
He worked a beeper for M.G. who was above Marvin
He is about 50 now

I just did not know he was Rudy Ferrones nephew
Can you say how that is? His nephew?

So I can confirm it

he was working on WallStreet shortly after working the beeper
Which would make sense that he is now in the Cash-Advance business.

Corner Boy... Would you mind saying which corner you are from?

BILLY MORRISSEY--anyone know anything about him- hes around 50 now and ran a beeper for messy marvin. half irish half italian. rudy farones nephew. he in that cash advance business where they rip off restaurants.