Merchant Cash Advances: Loan Sharks Exposed!

You compared this to loan sharking. >> It's worse than loan sharking. Loan sharking is something that was very common when I was growing up. >> Yeah. >> That's what the mafia did. The main money that the mafia made was loan sharking. Guess what? The mafia has shut down loan sharking. They all started cash advance businesses. >> It has a beautiful face, is what you're saying. >> Listen, it's a it's a legal way and you can even have an office. It doesn't have to be the back of the alley. >> Now, to the mafia, the the struggling businesses used to go to them and beg them for money, too. >> Now, they opened merchant cash So, now the the the the Jewish merchant cash advance business that looks like a like a like it used to be a colel that used to look like it used to be a a baal teshuvah, the next door neighbor is the mafia. Because they're both in the same business. And guess what? The attorney general uh in New York has already fined them nearly $2 billion for for their usury, for their unethical businesses. Bloomberg has come out with multiple articles, a whole series of articles about the industry where they caught the heads of merchant cash advance businesses that unfortunately in some cases were Jewish and that were associated with the mafia to such an extent that they would send the mafia hit men to go scare the customers that didn't want to pay back the money or didn't have the money to pay. >> Right. >> So, when I say they're colleagues, it's not just a joke. They literally become colleagues. They literally become business partners. This is this is a disaster of all disasters that no one wants to talk about.