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The End of Loan Sharking Draws Near In New York
The End Loan Sharking Act: Strengthening New York’s Usury Laws to Protect Small Businesses
Mark R. Basile, Esq.
Jul 96 min read
Damages Exposure from Toxic Death Spiral Convertible Note Dilution Funding Violating SEC Rules, Usury Laws, and Federal RICO Statutes
Toxic Death Spiral Dilution Funding of Public Companies. Many states—including New York—have robust civil and criminal usury laws. When interest on a convertible note is deemed criminally usurious (e.g., exceeding 25% in New York), the note may be declared void ab initio.
Christopher M. Basile, Esq.
Jun 246 min read
RICO and Criminal Usury Revived: Lessons from DarkPulse v. EMA and VNUE v. LG Capital
Two decisions out of New York federal courts— DarkPulse, Inc. v. EMA Financial, LLC , 2023 U.S. Dist. LEXIS 33994, at 1 (S.D.N.Y. Mar. 1,...
Christopher M. Basile, Esq.
Jun 164 min read
The Basile Law Firm P.C. - Recent Court Wins
This article covers the recent firms legal wins in court for public company issuers and their shareholders.
The Basile Law Firm P.C.
Apr 8, 20247 min read
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