5g Funding Charged by the SEC 3 years after initial lawsuit by investors
Breaking: SEC Charges Merchant Cash Advance Companies and their Founder for Operating an Alleged Investment Fraud
The SEC has charged Jacob Garfinkel and his Skokie, Illinois companies 5G Funding LLC and Five G Funding LLC with defrauding at least 23 investors of roughly $4.5 million raised to syndicate merchant cash advances, in a complaint filed September 28 in the Northern District of Illinois.
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