USA v. LAFORTE, et al.
Case Number:
2:23-cr-00198
Court:
Nature of Suit:
Judge:
Firms
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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.
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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.
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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.
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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.
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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.