Cases / Lending & cash advance
MJ Capital Funding LLC, MJ Taxes and More Inc.
Joel Castellanos, Johanna M. Garcia
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- MJ Capital Funding LLC, MJ Taxes and More Inc.
- Industry
- Merchant cash advance (MCA) investment / alternative lending
- How investors were recruited
- Lead sales agent who, personally and through a team of about 42 sales agents, solicited about 1,222 investors and earned commissions while unregistered
- Pitch & red flags
- "10% or more per month" returns, 120%-180% annualized returns, funds pitched as backing merchant cash advances to small businesses
Pitch phrases from this case
Source
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