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February 14, 2024

Posted  February 14, 2024

A merchant cash advance operator who was found guilty of deceiving small businesses has been ordered to pay $20.3 million in civil penalties and monetary relief.  Jonathan Braun was convicted of misrepresenting the terms of merchant cash advances his business provided, using unfair collection practices, and threatening consumers with physical violence to get them to pay up.  FTC

Tagged in: Misrepresentations,