USA v. LAFORTE, et al.

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Case overview

Case Number:

2:23-cr-00198

Court:

Pennsylvania Eastern

Nature of Suit:

Judge:

MARK A. KEARNEY

Firms

  1. October 16, 2024

    3rd Par Funding Exec Admits To Racketeering In $100M Scam

    The last member of the triumvirate behind Par Funding, a cash advance company that federal prosecutors say bilked investors out of $100 million, pleaded guilty to racketeering in Pennsylvania federal court Wednesday, just weeks before he was scheduled to stand trial.

  2. September 11, 2024

    Philly Loan Biz Brothers Admit To $100M Investment Scam

    The two brothers helming Philadelphia's Par Funding cash advance company admitted to reaping $100 million through an investment fraud scheme that could land them each over a decade in prison, Philadelphia's top federal prosecutor announced.

  3. February 28, 2024

    Embattled Philly Loan Biz Principals Hit With RICO Charges

    Legal troubles for the principals of Philadelphia's Par Funding cash advance company are mounting as federal prosecutors hit them with a new indictment adding Racketeer Influenced and Corrupt Organizations Act allegations on top of existing charges that the principals bilked investors out of hundreds of millions of dollars and threatened violence against borrowers.

  4. December 18, 2023

    Judge Says Loan Co. Head Poses Clear Threat To Public

    The alleged de facto head of a Philadelphia cash advance company accused of wielding violence and obstructing justice can't reverse an order requiring him to await trial behind bars, a Philadelphia federal judge has determined.

  5. May 25, 2023

    Loan Co. Accused Of Bilking Investors, Threatening Debtors

    Federal prosecutors indicted four principals of a Philadelphia cash advance company — including two accused of attacking a lawyer tasked with seizing their assets — alleging they threatened debtors with violence and defrauded investors out of hundreds of millions of dollars they raised to run their business.