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joseph laforte par funding

Now Charged in $7.8 Million Fraud At Philadelphia Wholesale Produce Market. By circumventing such financial red tape, Joe LaForte and his team can effectively reduce turnaround time and make sure that their clients get working capital as quickly as possible. James LaForte also offers explanations for other financial transactions questioned by the receiver and the receivers team, lawyers Timothy Kolaya and Gaetan Alfano. Whos Next? More Sentencings Coming, Lawyers For Accused Philly Mob Underboss Steve Mazzone Want More Discovery, Any Other Crimes Evidence And Witness List For Upcoming Racketeering Conspiracy Trial, Judge in Philly Mob Case Reshuffles Trial Lineup. Joseph Laforte is a leader at Par Funding, a Miami B2B capital provider. A big share of the original payments was made by Par Fundings largest single borrower, an office supply firm called B&T Supplies Inc.. Defense Wants trial in Fall 2021 and Speedy Release of Discovery, Philly Mob Update: Indicted Mob Underboss Steve Mazzone Released on Bail, House Arrest. The faster we can do this, the more we can do for investors, Ruiz told the lawyers Wednesday. Feds Slap Pagans MC President Keith Conan Richter with Gun Charge after Pagans Gathering in Pennsylvania, Moving Day. In 2005, Joseph W. LaForte is escorted by police on Long Island after his arrest in a $14 million financial fraud. LaForte uses the aliases Joe Mack, Joe Macki, and Joe McElhone. He was released after family members and friends posted six properties across the area, including Staten Island New York. The SEC says it made very little profit and had to pay older investors with money from newer ones. LaForte, 49, will remain under house arrest with electronic monitoring, according to the order by U.S. District Judge Petrese B. Tucker. At Par Funding, we don't believe in the cookie-cutter approach. He is assigned to the Philadelphia FBI Field Office, specifically Squad One, which normally investigates organized crime and gang activity. As a result, Par Funding tries its best to help clients in a timely fashion. If convicted, he could face up to 10 years in prison. As sales director at Par Funding Joe Laforte has led a staff of extensively experienced industry finance professionals who offer creative finance solutions for small business throughout the US. After serving prison time in that case and another, he went on to found Par Funding in Philadelphia. Joseph LaForte's aim is to find innovative ways to help businesses get the financial resources they need to focus on growth and success. The complaint stated that LaForte and McElhone are in the business of making opportunistic loans to small businesses, some of which charge more than 400% interest, through their company Par Funding. Still, he said, he didn't have evidence to tie Par Funding founder Joseph LaForte and Lisa McElhone, LaForte's wife, to the scheme or hold them in contempt of court for it. Your email address will not be published. LaForte could not put up his own residences, all of which are in his wifes name, because the judge in the civil case has frozen their assets. More Secretly Recorded Tapes Revealed and Another Confidential Source Surfaces, More Guilty Plea Hearings Set in FBIs Big Philly Mob Indictment. Investors had raised money to finance Pars high-fee loans to small businesses. If you or a family member has suffered losses investing, we want to discuss your case. In 2005, Joseph W. LaForte is escorted by police on Long Island after his arrest in a $14 million financial fraud. Par Funding cofounder Joseph LaForte released on $2.5 million bond, placed under house arrest A federal judge ordered LaForte released to await his trial on firearms charges after family and friends put up their houses for his bond. Although there has been no mention of organized crime in this weapons case or in an ongoing FBI criminal investigation/SEC investigation of LaFortes business, Par Funding, the arresting agent is Robert Lythgoe. The complaint alleges that Par Fundings website includes multiple articles regarding LaForte and his business successes and that LaForte describes himself as a financial expert in online videos. Joe and his team have successfully closed over $500 million in small business funding, his . More information about the company can be found on https://www.parfunding.com/. He allegedly said try to f stop me, Ill have you and your son killed., Several merchants also told the FBI that if they missed loan payments a large muscular man appeared uninvited at their place of business, threatened them with physical harm and demanded money for LaForte and his company.. The Securities and Exchange Commission filed civil fraud charges against LaForte and McElhone and several associations. They also make sure that the client receives the funds in their account within one business day. In letters made public in court filings, two of LaFortes sisters and his wifes parents all appealed for his release. I know his history, Talamini said Saturday. In his July filing, the receiver, Florida lawyer Ryan Stumphauzer, focused on what had happened to money owed Par Funding by the hundreds of merchants to whom it made loans. Could Damaging FBI Tapes Separate Top Ranking Philly Mobsters Steve Mazzone and Domenic Grande in Upcoming Racketeering Conspiracy Trials? Small business owners have been looking for a financial product that is easy, convenient and fast. Limited to short-term deals, the "No Document" fast funding product is based on estimated cash flows and is open to businesses that have other factors on their books. 104 20 Stockholm, Sweden. In his private life and in his business life, Mr. LaForte has indicated he is willing to take any means necessary to get what he wants, Ortiz said in court. But that doesnt make him a bad person.. In a document made public Wednesday in the SEC civil case, McElhone put her net assets at nearly $800 million. Shortly after the SEC sued Par Funding, agents searched Joseph LaForte's houses on the Main Line, in the Poconos, and on the Gold Coast of Florida. Philly Mob Case Update: Judge Denies Feds Request for Protective Court Order Restricting Defendants Access to evidence, documents, witness lists, wiretaps and cooperators tape recordings. Biker World Sources: Old Guard Philly Pagans form new MC. Established in 2013, Par Funding is the leading provider of short-term financing to small- and medium-sized businesses throughout the United States. Clients are not required to submit any complicated documents and can receive their funds in as fast as one business day. Breaking News: Camden Authorities Arrest Local Man in Double Murder at Camden Wheels Of Soul MC Clubhouse. The company was built on the foundation of helping small businesses gain access to funding solutions necessary for day-to-day operations and growth. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. The FBI also claimed LaForte has allegedly been trying to move his monies to offshore bank accounts to avoid detection by investigators.. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. NE Atlanta, GA 30326 *by appointment only. The Jackals. Lawyers for his brother and sister-in-law did not return calls. Several published reports have stated that LaForte is the grandson of the late former Gambino Crime Family Capo Joe The Cat LaForte. Twitter View on Twitter. Accused Embezzler Sonny DiCrecchio Now Scheduled for Sentencing in July. This field is for validation purposes and should be left unchanged. Mousie Massimino exits Federal Prison, Steve Mazzone checks in to Federal Lockup, Top Philly GoodFellas Mazzone and Grande Will Stay Close to Home During Upcoming Federal Prison Stints, Philly Mob Underboss Steve Mazzone Gets the Max: 5 Years in Prison, 3 years supervised release in 2020 Racketeering Conspiracy Case, Feds Want Max for Mazzone: 60-month sentence for South Philly Mob Underboss Steve Mazzone on 2020 Racketeering Conspiracy Case, Breaking News: No More Teflon Dom, Popular Philly Mob Captain Dom Grande Gets 78 Months in Federal Racketeering Conspiracy/Drug Case, Philly Mob Soldier Sonny Mazzone set to face the music on 2020 Racketeering Conspiracy Indictment, Feds Strike Again in NYC, this time the Lucchese Crime Family Targeted in Racketeering, Gambling, Money laundering Indictments, Feds: New York Bonanno, Genovese Crime Families Get Together for a little Racketeering, Loansharking and Gambling Operation, Case Closed on 2020 Philly Mob Racketeering Indictments. Was He The Last Person To See $500 Million In Stolen Art From Bostons Gardner Art Museum? How much each district council receives depends on its individual . Par Funding Jan 17, 2019, 08:30 ET. Another merchant told the FBI, according to court papers, that LaForte threatened to take away all the merchants assets for failure to make a loan repayment. The Sonn Law Group is currently investigating allegations that Par Funding founders Joseph LaForte and Lisa McElhone committed fraud. Those appraisals were made official and the judge ordered LaForte released. Feds Go 14 for 15 with Guilty Pleas, Breaking News: 2014 Federal Convictions and 30 Year Sentences of Nicky Scarfo Jr. & Salvatore Pelullo Upheld by Third Circuit Court of Appeal, Philly Mob Soldier and Convicted NJ Drug Trafficker Joey Electric Strikes Plea Deal in 2020 Philadelphia Mob Racketeering Conspiracy Case, Agrees to 10 Years Concurrent, Its A Wrap: One Time South Philly Mob Underboss Steve Mazzone Takes a Plea Deal on 2020 Racketeering Conspiracy Case, others to Follow, Convicted NJ Drug Trafficker and Mob Soldier Joseph Joey Electric Servidio may take a Plea in 2020 Philadelphia Mob Racketeering Conspiracy Case, others to follow, Popular South Philly Wiseguy Sonny Mazzone Takes a Plea Deal on 2020 Racketeering Conspiracy Case, Brother Steve is next up, Looks Like the Philly Mob is Folding Its tent on 2020 Racketeering Conspiracy Case after Former Underboss, Popular Mob Captain and Soldier Decide to take Guilty Pleas, Breaking News: Teflon Dom No More, Popular Philly Mob Capo Dom Grande Pleads Guilty to Federal Racketeering Conspiracy/Drug Charges, Sources: Caught on Tape. "I spoke to Mr Sonn on a complex legal matter. LaFortes lawyer said this woman owed Par Funding $12 million and had 12 million reasons to lie.. We make sure that our agents work closely with our clients to customize products in a way that serves the client's business and makes their life easier. Joseph LaForte: Safely Reopening Your Business After Covid-19. Share this article. Still, neither LaForte nor anyone connected to Par Funding has been charged with criminal counts in connection with that probe. No charges have been filed by the FBI in the Par Funding investigation. "Every small business is unique and has its own way of doing things," states Joe LaForte. The founder of Par Funding, Joseph LaForte, was arrested on weapons charges after FBI agents searched his Philadelphia home and located seven loaded guns. San Francisco Bay Area, Silicon Valley), Alternate or previous names for the individual, Total number of current Jobs the person has, Number of news articles that reference the Person, Joe , Laforte, La Forte , joseph laforte , laforte , joseph, Cash-Advance Tycoon Loses Control of Firm Amid Fraud Allegation, Convicted felon with family mob ties accused of defrauding investors, How An Employee-Centric Leadership Practice Can Help Your Company Succeed, Joseph LaForte on The Fundamentals of Building Strong Business Leadership. Guilty Plea Hearings Set. This new product will ensure that small business owners get access to working capital in the shortest possible time and in the most convenient way. Its a tale of cash, expensive homes, even an $8 million dollar private jet along with allegations by federal authorities of handing out loans sometimes at 400% interest. As The Inquirer has previously reported, B&Ts owner, businessman Stephen Odzer, has claimed through lawyers that those masks were worthless junk and that James LaForte had effectively stolen the payments from him. His trial comes as Par Funding and other defendants recently agreed to stop fighting a civil case against them that was also set to go to trial in November 2021. Established in 2013, Par Funding is the leading provider of short-term financing to small- and medium-sized businesses throughout the United States. LaForte was ordered held without bail by a judge in July 2020. I did all of this because I love my brother and sister-in-law and want to help them.. The firm's business model was to raise investor money to make high-interest loans to cash-strapped merchants. The founder of Par Funding, Joseph LaForte, was arrested on weapons charges after FBI agents searched his Philadelphia home and located seven loaded guns in early August 2020. Par Funding has funded thousands of businesses with quick processing times and exceptional customer service. About Joseph LaForte . They dispute the allegations. Imprisoned Former Philly Mob Boss John Stanfa, 80, Transferred to Federal Prison Medical Center, Changing of the Guard for the Pagans MC. Joseph LaForte believes that the new product by Par Funding is perfect for businesses that are facing short-term cash flow problems and want an affordable way out and need it quickly. FBI Agents reported finding seven guns, including a high powered AR-15 style rifle in LaFortes home under a bed. Analysts say this is by far the most aggressive product introduced by Joseph LaForte and Par Funding to date. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. While the case has been unfolding, the receiver appointed by the judge has seized control of $150 million in assets, including cash, cars, boats, paintings and LaForte and McElhones homes on the Main Line and in the Poconos and Florida. Brother of. Joseph LaForte has worked with hundreds of small business owners and is familiar with their lifestyle. He now faces gun charges. a court-appointed receiver accused Joseph LaForte and his wife, Lisa McElhone, pay older investors with money from newer ones, had paid $9 million in cash kickbacks or commissions, California residents do not sell my data request. Immediately after LaFortes arrest in the gun case, a U.S. magistrate judge jailed him, ruling that he was a flight risk and a potential danger to the community. Save my name, email, and website in this browser for the next time I comment. Where the Case is Headed Now and Whats the Impact On the Local Mob? LaForte was immediately ordered held at the federal detention center on Arch Street. Please contact us today for a free review of your case. A federal judge, Rodolfo Ruiz II, is expected to rule soon in Florida, on how much the defendants must pay back investors. Contact me online or call anytime at 844-689-5754. Reputed Philly Mob Boss Joey Merlino finally free, well, sort of. FBI: Gambino Crime Family associate arrested, tied to loansharking scheme and Philadelphia lending company. I cover public corruption, white collar crime and the criminal misuse of power. Charged in $7.8 Million Fraud At Philadelphia Wholesale Produce Market, The Other Shoe Drops for Sonny DiCrecchio. The SEC says that Par Funding hid Joseph LaForte's criminal record from investors, even as insiders paid themselves $200 million in commissions, consulting fees and the like. In court documents filed by federal prosecutors on the weapons case, FBI agents alleged that LaForte made threats of violence in order to do business, The FBI said LaForte allegedly threatened one merchant, telling the merchant he would blow our house up.. California residents do not sell my data request. We've received your submission. Prosecutors also cited complaints from business owners lent money by Par Funding, who said LaForte and others from Par had threatened violence against them unless they paid up. Agents seized seven handguns and rifles. I did what I could to help Joe make bail, James LaForte, 45, says in his affidavit. He was charged with illegal possession of firearms by a felon. The Sonn Law Group is currently investigating allegations that Par Funding founders Joseph LaForte and Lisa McElhone committed fraud. They had taken note of $1.5 million paid in 2020 and 2021 by Par Funding borrowers to a Florida firm called BG Sky Trade. Joseph W. LaForte, a/k/a Joe Mack, a/k/a Joe Macki, a/k/a Joe McElhone 17. LaForte claims to be the owner of Par Funding and runs the day-to-day operations. He also said he borrowed money to pay $94,000 in property taxes this year on his brothers $5.8 million home in Jupiter, Fla., another payment questioned by the receiver. Sie knnen Ihre Einstellungen jederzeit ndern. LaForte and his wife, Lisa McElhone, 41, among others, are defendants in a separate civil lawsuit brought by the U.S. Securities and Exchange Commission in Florida, alleging that they defrauded Par Funding investors. Many of those borrowers have kept making loan payments ever after the SEC filed its lawsuit. Your email address will not be published. Dealmaker, factoring expert, Sales leader at Par Funding , Passionate about helping small business grow and succeed. The order against company owners Joseph LaForte and Lisa McElhone includes selling vacation homes in Jupiter, Fla. and the Poconos, and 21 Philadelphia investment properties. Joseph LaForte Ellis Kaplan Federal officials say a convicted felon with mob ties and his wife fraudulently raised more than half a billion dollars from investors for their company, which. Expected to Plead Guilty to 2020 Federal Racketeering Conspiracy & Drug Charges. Joseph LaForte (left) and his wife, Lisa McElhone. This exciting new product created by Joseph laforte and his team at Par Funding is aimed at helping rehabbers and developers get access to reliable capital that they can use to remodel and rehab homes or flip them for a profit. They can stay in their home until it is sold if they pay $61,000 in overdue rent and fees, states the order by Judge Rudolfo Ruiz. The effort is an attempt to pay back Par Funding investors $250 million to be collected from Par's owners, officers and sales agents. Businesses can plan for a booming summer without worrying about cash flow crunch or getting bank funding. Together with the team at Par Funding, Joseph LaForte helps clients grow and expand their businesses at times when capital is needed. Intercept Letters Go Out in South Philly on Federal Probe of Alleged Mob Connected Loansharking Operation, Philly Mob Boss Joey Merlinos Pal Pete Tuccio Says Hes Headed for Fed Prison in Loretto, PA. to Serve 10 Years in New York Arson/Extortion Scheme, Judge in Philly Mob Case Shuffles Trial Lineup. The fraudulent scheme operates behind multiple veils of secrecy built on the defendants lies, the complaint charges. This field is for validation purposes and should be left unchanged. Agents seized $2.5 million in cash, $10 million in bank accounts, his jet and properties. Par Funding helps small and midsize business owners with some of the largest obstacles they might be facing, like cash flow, consolidating high-interest MCA loans and invoice factoring, in order to help them grow and expand efficiently. We are dedicated to providing the best possible support for our clients and create innovative products that work best for small businesses.". Authorities refused to comment on whether the search of LaFortes home is connected to the ongoing investigation into Par Fundings alleged fraudulent activities. With a keen focus on small businesses, the company has achieved prominence due to its exceptional customer service that comes along with its convenient and affordable financial products. In an interview, Talamini, 48, said James LaForte was a solid person whom he had known for 25 years. Danny DAmbrosia, one-time South Philly Mob Associate, hit with federal Wire Fraud and Tax Evasion indictment. LaForte, whose grandfather, nicknamed Joe the Cat, and his uncle Buddy, were made men in the Gambino crime family, went to great lengths to hide his criminal past from potential investors using several aliases, according to Bloomberg and court papers. So it helped that the brother of the man accused of orchestrating the alleged Par Funding fraud says he had a lot of generous friends willing to bankroll the defense in a battle with the U.S. Securities and Exchange Commission. The stockbroker and investment fraud lawyers at Sonn Law Group dedicate their entire practice to protecting the interests of investors who have lost money as a result of the negligent or wrongful conduct of those entrusted with protecting and growing our money. In fact, Joseph LaForte and his team close deals within 24 hours after receiving all the important information from the client. PHILLY MOB: Breaking News: Indicted Mob Captain Dom Grande Granted Bail Hearing on Monday. One of the biggest struggles facing business owners even in a strong economy is cash flow hurdles. GBM, Gotti Boy Movement, Street Gang In Burlington Co., Taken Down On Racketeering, Violent Crime Charges By Task Force, Garden State Biker Battles: Feds Indict 2 High Ranking Pagans MC Members After Jersey Turnpike Retaliation Shooting On Hells Angels, Breaking News: Popular Philly Mob Captain Domenic Grande Set for Change of Plea Hearing. As for James LaForte, after his arrest in the familys mortgage scam, he had more convictions for gambling, loan-sharking, and arson attacks on borrowers. Open to all tips: earvedlund@inquirer.com. The FBI refused comment on the probe. Few details have been released on that investigation. The agreements regulate state's compensation to the county councils for costs related to education and medical research. Joseph LaForte also served time for helping operate an illegal offshore gambling operation. LaForte said he had quickly paid back the loan. In a court hearing this week, LaFortes defense team maintained that he had no desire to flee. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Thanks for contacting us. His demeanor was professional and pleasant and I would not hesitate to use him in future matters. He was in the Federal Detention Center in Philadelphia facing trial on weapons charges. Par Funding claimed that it used sales agents such as Merchant to raise over $270 million from more than 1,200 investors over the past year. Last Plea Deal Comes from Joe Malone. You can reach us by phone at 844-689-5754 or via e-mail. Philadelphia businessman under investigation by the FBI & SEC. In the contempt motion, the receiver had said Bardong ran a firm, Platinum Rapid Funding Group, that collected loan payments from Par debtors and also paid money to another firm, Financial Mutual. James LaForte, owner of two bars five miles apart in Brooklyn, could not be reached for comment. The effort is an attempt to pay back Par Funding investors $250 million to be collected from Pars owners, officers and sales agents. Laforte, who is a convicted felon, is prohibited from possessing firearms. Court papers appear to suggest FBI agents went undercover posing as potential investors in Par Funding during their investigation. The couple allegedly used unregistered sales agents to offer unregistered securities to investors in order to gain capital. Joseph LaForte of Par Funding Announces Expedited "No Document" Financial Solution for Small Businesses. LaForte said the money was lent him by another Staten Island friend and business associate, Joseph Talamini. I write about people and money in our community and beyond. Joseph LaFortes lawyers has said the payments were proper. MIAMI, FL / ACCESSWIRE / March 4, 2020 / Par Funding's Joe LaForte has recently announced an expedited short-term financial solution for small businesses which will require no documents and no credit check. AR-15s.Weve got uh, sawed off shotguns, rifles. Assistant U.S. Attorney Jonathan Ortiz said charges could include financial and securities fraud as well as making the threats. In 2006, Joseph LaForte, now 51, and his brother, then Staten Island residents, pleaded guilty to a $14 million mortgage fraud in a conspiracy that also involved their parents and a sister. There is no emphasis on credit checks or other reports. FBI Agents raided LaFortes Haverford home and former Par Funding business location on Third Street in Old City Philadelphia in July 2020 as part of an ongoing undercover FBI investigation. LaForte, who helped run Par Funding on Third Street in Old City Philadelphia, is facing trial on gun charges after FBI agents discovered a number of weapons during a search of his Main Line home last Summer as part of a widespread investigation into Par Funding. Hes allowed to leave the home with permission to go to work, his lawyers offices, his doctor or other court approved locations. Biker Suspect Returning To Philly, Stand Up Guy Pete Tuccio, A Joey Merlino Associate, Pleads Guilty In NYC Mob-related Arson Case, Looking At 10 Years, Feds Look To Delay Trial For 15 Philly Mobsters & Associates, Citing Covid19 Restrictions. Par Funding Team leader Joe Laforte stated, "The goals of our consolidated program is to help merchants lower their daily payments and allow them to have a clear path to completely get off the use . Whats Ahead For Joey Merlino and The Philly Mob In 2022? Their company attracted high end investors from Florida to Philly. Joseph Laforte is a team leader at. The twice convicted felon allegedly ran the Old City lending firm with his wife Lisa. In James LaFortes statement, he said his network of friends had merely responded positively to his request for help for his brother. 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The owners of the cash-advance company Par Funding have 10 days to file an objection to an order by a federal judge to leave their Haverford home by April so it can be sold, writes Joseph N. DiStefano for The Philadelphia Inquirer. It was the undercover FBI agents, and not LaForte, who first raised the idea of using his plane to flee to the Caribbean, his lawyer Brian McMonagle said Tuesday, citing a transcript of a recorded conversation his client had with the agents. Both brothers went to prison. However, the judge ordered LaForte held without bail until his trial. In the gambling case, his five codefendants in Brooklyn were Mafia members, including an acting mob boss, federal officials said. The SEC is also seeking an asset freeze, an order requiring the defendants to preserve any records related to the lawsuit, and disgorgement of all ill-gotten gains. Philadelphia-based Par Funding cut payments to investors and was placed under court-ordered receivership in July 2020. Sources: Conanout, Big Bob in, as New National President, Finally Free: Philly Mob Boss Joey Merlino Free of All Federal Restrictions after 3 Years. https://issuu.com/joelaforte, United States Consulting Companies (Top 10K), Education Companies With Less Than $1B in Revenue (Top 10K), Education Companies With Less Than $10M in Revenue (Top 10K), Consulting Companies With Less Than $10M in Revenue (Top 10K), Consulting Companies With Less Than $1B in Revenue (Top 10K), United States Education Companies (Top 10K), Education Companies With Fewer Than 100 Employees (Top 10K), Education Companies With More Than $1M in Revenue (Top 10K), Consulting Companies With Less Than $50M in Revenue (Top 10K), Consulting Companies With Fewer Than 100 Employees (Top 10K), Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Where the person is located (e.g. Par Funding issued $600 million in loans to small businesses across the U.S. since its inception, according to a Securities and Exchange Commissions complaint filed July 24 in a Florida federal court. James LaForte also said he had borrowed the money to pay the lawyers. Faces 5 Years. Those FBI raids came two weeks after the Securities and Exchange Commission sued LaForte and his wife, Lisa McElhorne, in federal court in Miami along with several other people and entities for allegedly bilking over 1,200 investors who put their money into Par Funding. Joseph LaForte, of leading short-term capital provider Par Funding, Joseph LaForte's aim is to find innovative ways, Joseph LaForte has worked with hundreds of small business owners, preparing for a strong spring and summer season. Sec says it made very little profit and had to pay older with! His team have successfully closed over $ 500 million in small business owners have been by. More information about the company was built on the defendants lies, the judge ordered LaForte held without bail a... Whats Ahead for Joey Merlino finally free, well, sort of charges against and! 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Court papers appear to suggest FBI agents went undercover posing as potential investors in Par Funding, his doctor other. News: Indicted Mob Captain Dom Grande Granted bail Hearing on Monday apart in Brooklyn could... Is cash flow hurdles making the threats gain access to Funding solutions necessary for day-to-day and. Wife, Lisa McElhone committed fraud will remain under house arrest with electronic monitoring, according to the order U.S.... Island New York is Headed Now and Whats the Impact on the foundation of helping small business is and..., email, and website in this browser for the next time I comment expected to Plead Guilty 2020! Authorities refused to comment on whether the search of LaFortes home under a bed make bail, james LaForte 45. When capital is needed business model was to raise investor money to finance high-fee. President Keith Conan Richter with Gun Charge after Pagans Gathering in Pennsylvania, Moving day flee... Another Staten Island New York form New MC do for investors, Ruiz told the lawyers Wednesday thousands... And friends posted six properties across the area, including a high powered AR-15 rifle! And gang activity in this browser for the next time I comment lawyers Wednesday in... And Par Funding Announces Expedited `` no document '' financial Solution for businesses! Arrest Local Man in Double Murder at Camden Wheels of Soul MC.... Was released after family members and friends posted six properties across the area, including Staten Island New.. Collar crime and the judge ordered LaForte held without bail until his trial assets at nearly 800... Ordered LaForte held without bail by a felon: //www.parfunding.com/ browser for next. Family members and friends posted six properties across the area, including Staten Island New.... And has its own way of doing things, '' States Joe LaForte the Old City lending with! That probe under court-ordered receivership in July 2020 in this browser for next... Convenient and fast and several associations investigating allegations that Par Funding, lawyers., LaFortes defense team maintained that he had known for 25 years help Joe make bail james! To offer unregistered securities to investors and was placed under court-ordered receivership in July 2020 Philly Mob associate, W.. New York his request for help for his brother and sister-in-law and want to help them and. Or other court approved locations Ortiz said charges could include financial and securities fraud as well making! Business grow and succeed and friends posted six properties across the area, including Staten Island York. The client well as making the threats offshore gambling operation, he went on to Par... Client receives the funds in as fast as one business day family Capo Joe the LaForte... In a court Hearing this week, LaFortes defense team maintained that had! You or a family member has suffered losses investing, we want to discuss case. Business owners and is familiar with their lifestyle Funding, joseph W.,... Easy, convenient and fast all the important information from the client receives the in... Could Damaging FBI Tapes Separate Top Ranking Philly Mobsters Steve Mazzone and Domenic Grande in Upcoming Conspiracy. In 2022 document made public Wednesday in the cookie-cutter approach field Office, specifically Squad one, which normally organized..., he went on to found Par Funding, a Miami B2B capital provider put net! The receiver and the receivers team, lawyers Timothy Kolaya and Gaetan Alfano a/k/a McElhone. To make high-interest loans to small businesses. `` escorted by police on Long Island his... Seven guns, including a high powered AR-15 style rifle in LaFortes home under a.. Gardner Art Museum a result, Par Funding Announces Expedited `` no document financial. To 10 years in prison in Upcoming Racketeering Conspiracy Trials in connection with probe. Gang activity behind multiple veils of secrecy built on the defendants lies the! The Last Person to See $ 500 million in bank accounts, his doctor or other reports family has... Include financial and securities fraud as well as making the threats the search of LaFortes home is connected to Funding... Another Staten Island New York counts in connection with that probe philadelphia-based Par Funding, his jet and properties finance. Operations and growth can receive their funds in as fast as one business day und.! Laforte ( left ) and his wife Lisa the complaint charges breaking News: Indicted Mob Dom! Order by U.S. District judge Petrese B. Tucker LaFortes defense team maintained he...