New York State Said to Probe Small-Business Lending Abuses

The video discusses Jonathan Braun, a former drug trafficker who entered the merchant cash advance business, attracting scrutiny for his aggressive and predatory practices. The New York Attorney General has launched an investigation into these practices, particularly targeting Yellowstone Capital. The video explains how these businesses operate outside traditional lending regulations, allowing them to exploit small businesses. A case study of Doug and Janelle Duncan illustrates the severe impact of such predatory lending practices.

What has Jonathan Braun been doing for the past seven years?

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What actions have been taken by the New York Attorney General regarding predatory lending?

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Why do traditional lending regulations not apply to the merchant cash advance business?

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What types of individuals are attracted to the merchant cash advance business?

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Can you describe the experience of Doug and Janelle Duncan with a cash advance transaction?

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