10 stories
Justice
The disclosure that federal Judge Rodolfo Ruiz II and court-appointed receiver Ryan K. Stumphauzer clerked for the same judge during consecutive terms has raised questions among lawyers and…
By Milton Allimadi: Attorneys for the court-appointed receivership overseeing Complete Business Solutions Group (CBSG), also known as Par Funding, billed the estate for reading Black Star News investigative…
Photos: Wikimedia Commons|Others The benefit of documentation is that it can benefit all sides in contentious disputes. So far, that notion has been borne out in the case…
By Milton Allimadi Photos: Wikimedia Commons|YouTube|Others Questions continue to mount over whether former Par Funding executives Joseph LaForte, Joseph Cole and Lisa McElhone received a fair opportunity to…
Main Photo: Wikimedia Commons Black Star News Editorial Can something be red and blue at the same time? That is the question raised by the case of Philadelphia-based…
By Milton Allimadi New contradictions continue to emerge in the narrative of the collapse of Par Funding, the Philadelphia Merchant Advance Company (MCA), as Black Star News continues…
By Milton Allimadi Photos: YouTube Screenshots Six years after a court-appointed receiver seized control of Philadelphia-based Par Funding, the merchant cash advance company’s former CEO and his lawyers…
By Milton Allimadi Former Par Funding chief executive Joseph LaForte, now serving a 15½-year federal prison sentence, says the most devastating part of his prosecution was not merely…
Former Par Funding CEO LaForte By Milton Allimadi Newly highlighted financial records are raising significant questions about the government’s portrayal of investor losses in the Par Funding case…
By Milton Allimadi When federal regulators shut down Complete Business Solutions Group (CBSG)—better known as Par Funding—in 2020, the government described the fast-growing merchant cash advance company as…
