For more information on Joseph LaForte please visit http://josephlaforte.com/. Agents seized $2.5 million in cash, $10 million in bank accounts, his jet and properties. Higher sales means producing higher volumes, which often requires additional investment. Biker World Sources: Old Guard Philly Pagans form new MC. If you or your loved one experienced investment losses, we are here to help. In a court hearing this week, LaFortes defense team maintained that he had no desire to flee. 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. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Together with the team at Par Funding, Joseph LaForte helps clients grow and expand their businesses at times when capital is needed. What are ALF agreements? Image via Joseph N. DiStefano, The Philadelphia Inquirer, Documents used to market unregistered investments in merchant cash advance loans made by Par Funding, Copyright 2023 American Community Journals, LLC |. LaForte was immediately ordered held at the federal detention center on Arch Street. 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. Read more about Par Fundings debt and possible eviction from a Haverford home in The Philadelphia Inquirer. "-Sonn Law Group Client. Where the Case is Headed Now and Whats the Impact On the Local Mob? 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. As a result, Par Funding tries its best to help clients in a timely fashion. Contact our office today to discuss your case. Joseph LaForte: Safely Reopening Your Business After Covid-19. Faces 5 Years. This field is for validation purposes and should be left unchanged. Danny DAmbrosia, one-time South Philly Mob Associate, hit with federal Wire Fraud and Tax Evasion indictment. LaForte and McElhone couldnt immediately be reached for comment. 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. Buckhead Tower, Suite 400 3399 Peachtree Rd. FBI Photos and $10,000 Reward Yield Few New Leads in 2012 Murder, Judge Hammers Reputed Philly Mob Soldier Joey Electric with 15 Year Sentence on Drug Case with ties to the Mob, Par Fundings Joe LaForte finally released on bail after delays. In an interview, Talamini, 48, said James LaForte was a solid person whom he had known for 25 years. LaFortes lawyers James Froccaro Jr, Michael Engle and Brian McMonagle, contested the governments request, saying the weapons were legally purchased by LaFortes wife after she was robbed at knifepoint outside her business. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Established in 2013, Par Funding is the leading provider of short-term financing to small- and medium-sized businesses throughout the United States. Joe has led Par Funding to unprecedented growth - through various market shifts and industry changes - and plays an integral role in the company working with mid-sized businesses to access working capital and alleviate cash flow. The SEC says it made very little profit and had to pay older investors with money from newer ones. That included her $8 million jet, dozens of properties worth $59 million, and businesses most notably Par Funding, worth $250 million. Joseph LaForte, of leading short-term capital provider Par Funding, has recently announced that the company will now be offering a unique financial product designed specifically for small. The younger LaForte owner of hipster bars in Brooklyn and a man with a criminal record, like his brother swore in a court filing that he tapped a network of Staten Island business associates and friends to pay for legal help versus the SEC and to keep his big brother out of prison on separate gun charges. NE Atlanta, GA 30326 *by appointment only. 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. Par Funding's "No Document" solution follows this philosophy perfectly. The Old City businessman was ordered confined to his luxurious Haverford home along with electronic monitoring by the federal probation department. Last year, receiver Stumphauzer claimed in a court filing that Odzer, while borrowing $93 million from Par Funding, had paid $9 million in cash kickbacks or commissions to Joseph LaForte. Joseph LaForte, of leading short-term capital provider Par Funding, has recently announced that the company will now be offering a unique financial product designed specifically for small businesses to help them with their cash flow problems. If you or your loved one experienced investment losses, we are here to help. The Sonn Law Group is currently investigating allegations that Par Funding founders Joseph LaForte and Lisa McElhone committed fraud. Analysts say this is by far the most aggressive product introduced by Joseph LaForte and Par Funding to date. 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. The Jackals. They help business owners with the challenges they have to face in order to grow and expand, mainly focusing on cash flow . The couple allegedly used unregistered sales agents to offer unregistered securities to investors in order to gain capital. If you or a family member has suffered losses investing, we want to discuss your case. Mobster On The Move: Convicted Philly/NorthJersey Mob Soldier Joey Electric Has A New HomeFor Now. 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.. They agreed to pay back some 1,200 investors who federal investigators say were not told LaForte had previously served jail time for financial crimes in an earlier $14 million scheme. Joe and his team have successfully closed over $500 million in small business funding, his . The company has received raving reviews and remarkable testimonials from clients who keep coming back. I did what I could to help Joe make bail, James LaForte, 45, says in his affidavit. Save my name, email, and website in this browser for the next time I comment. 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. The case agent assigned to the criminal investigation, John Murray, is also assigned to Squad One. They also make sure that the client receives the funds in their account within one business day. Sie knnen Ihre Einstellungen jederzeit ndern. 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. Philly 1990s Meth Kingpin Nick The Greek Gets a Big Break from Life Term. One of the biggest struggles facing business owners even in a strong economy is cash flow hurdles. Joseph Laforte is the team leader at Par Funding, a Miami based small business capital provider. 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. Contact me online or call anytime at 844-689-5754. Could Others Follow? Now James LaForte Jr., Joseph LaFortes younger brother, is saying the receiver got it all wrong. He said it was paid because he provided B&T with anti-coronavirus masks. Lucchese Crime Family Soldier John Perna Pleads Guilty to Planning and Carrying Out Aggravated Assault, PHILLY MOB Update: Dom Grande Gets Bail, Now Mob Underboss Steve Mazzone Takes His Shot at Bail, PHILLY MOB: Breaking News: Indicted Mob Captain Dom Grande Granted Bail In Racketeering/Drug Case. In July, a court-appointed receiver accused Joseph LaForte and his wife, Lisa McElhone, founders of the shuttered Philadelphia lender, of having diverted and laundered cash that ought to have gone to their investors. He was later charged in a 2009 federal off shore gambling investigation out of the FBIs Newark, N.J. office. 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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. The federal court trial of Main Line businessman Joseph LaForte on weapons charges has now been set for May after a year-long delay following concerns over Covid19 and several other issues. A big share of the original payments was made by Par Fundings largest single borrower, an office supply firm called B&T Supplies Inc.. Odzers lawyer said he was victimized by Joseph LaForte. United Nations Children's Fund. The effort is an attempt to pay back Par Funding investors $250 million to be collected from Par's owners, officers and sales agents. Then They Find It, But Now Its In Limbo, Former Pagans MC President Keith Conan Richter Gets 33 Months in Federal Gun Case after Pagans Gathering in Pennsylvania, Breaking News: Lawyer for Deceased Philly/Boston Mobster Robert Gentile Tells Boston25 TV Reporter, Theres a ton of Smoke Around Bob Gentile in Bostons Historic $500 Million Gardner Art Museum Heist. We are dedicated to providing the best possible support for our clients and create innovative products that work best for small businesses.". The arrest comes two weeks after the SEC filed a complaint against Par Funding and its affiliates, as well as founders Joseph LaForte and Lisa McElhone, alleging that the company offered unregistered, fraudulent securities in order to raise almost half a billion dollars from approximately 1,200 across the United States. Businesses can plan for a booming summer without worrying about cash flow crunch or getting bank funding. One businesswoman has accused him of threatening to blow up her house. Joseph is known for his. Feds Lose The Passport He Surrendered. Par Funding's Joseph LaForte has recently announced that the company will now be offering a unique financial product designed specifically for small businesses to help them with their cash flow "Therefore, every financial product should also be tailor-made to meet their unique needs of the business it aims to help. The company was built on the foundation of helping small businesses gain access to funding solutions necessary for day-to-day operations and growth. They asked the judge to release LaForte on house arrest and offered to post four properties belonging to friends. 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. I cover all things Wall Street, personal finance and investing, people and their money. 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 . A former official at a beleaguered Philadelphia-based business lender admitted in court Wednesday that he and the company's other principals defrauded hundreds of investors by offering the hope of double-digit returns on loans to companies deemed too risky to borrow from traditional banks. Lawyers for his brother and sister-in-law did not return calls. We represent investors in claims against negligent brokers and brokerage firms. Weve got I dont know, what do you want?, LaForte: Weve got gun rooms up there, yea.. After serving prison time in that case and another, he went on to found Par Funding in Philadelphia. Reputed Philly Mob Boss Joey Merlino finally free, well, sort of. Mob Watchers: Keep an Eye Out for Philly Mob Boss Joey Merlino, Getting Off Supervised Release and Headed to the Jersey Shore? 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.. The firm's business model was to raise investor money to make high-interest loans to cash-strapped merchants. Joseph served three and half years in prison. Hes allowed to leave the home with permission to go to work, his lawyers offices, his doctor or other court approved locations. Federal Bureau of Prisons Records: Former Pagans MC President Keith Conan Richter Now Back at Fort Dix Lockup For 33-month Sentence on Federal Gun Charge, Philly Underbosses on the Move! 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. 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. Now Charged in $7.8 Million Fraud At Philadelphia Wholesale Produce Market. Lets Make A Deal. The intriguing and widespread federal investigation of LaForte and Par Funding started going public in July when the feds raided Par Funding, his homes and other locations. Joseph is proud of his hands on approach and leads his team with the goal of helping clients navigate the complex process of small business finance. They dispute the allegations. Is He Just Touching Base with Old Friends? Philadelphia businessman under investigation by the FBI & SEC. Your email address will not be published. "Every small business is unique and has its own way of doing things," states Joe LaForte. However, the judge ordered LaForte held without bail until his trial. LaForte: Ive got AR-15s. Mob Boss Joey Merlino Back To His Roots in Philly This Week. Par Fundings Joseph LaForte has recently announced that the company will now be offering a unique financial product designed specifically for small businesses to help them with their cash flow problems. Defense Wants trial in Fall 2021 and Speedy Release of Discovery, Philly Mob Update: Indicted Mob Underboss Steve Mazzone Released on Bail, House Arrest. : Safely Reopening your business After Covid-19 and Par Funding 's `` Document! Dambrosia, one-time South Philly Mob Boss Joey Merlino back to his luxurious Haverford in... Getting off Supervised release and Headed to the criminal investigation, John Murray, also... Is the team at Par Funding, a Miami based small business capital provider investigation by the FBI &.. 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