Pot Kingpin Sued by ny for Predatory Loans Charging 1,000percent

Pot Kingpin Sued by ny for Predatory Loans Charging 1,000percent

PAY ATTENTION TO ARTICLE

Jonathan Braun, a marijuana trafficker turned busine-loan impresario, ended up being sued by New York’s attorney general for presumably cheating tiny businees with false claims, threats of violence and interest levels many times the limit that is legal.

Braun’s organizations accumulated a lot more than $77 million in re re payments on unlawful loans, often charging significantly more than 1,000per cent interest, in accordance with a civil lawsuit filed Wednesday in Manhattan state court. The filing claims he told one debtor, “Be thankful you’re maybe maybe maybe not in nyc, since your family members would find you drifting in the Hudson,” and threatened another, saying, “I takes your daughters away from you.”

The U.S. Federal Trade Commiion additionally sued Braun on Wednesday, in federal court in Manhattan, alleging misrepresentations to clients and illegal debt-collection methods.

Braun didn’t run away from a straight back alley -– he advanced level cash to businees that are small the nation through the Manhattan offices of Richmond Capital Group LLC and utilized their state court system to gather their debts. (więcej…)

Czytaj dalejPot Kingpin Sued by ny for Predatory Loans Charging 1,000percent