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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.
6 days ago4 min read
227
Merchant Cash Advance Industry in New York – Not so Fast!
Merchant Funders, companies that purport to purchase future accounts receivables from small underfunded private and public companies, and...
Mark R. Basile, Esq.
Feb 9, 20233 min read
617
Should Default Interest be Included in a New York Criminal Usury Analysis
Default Interest and Criminal Usury - Should New York recognize default interest rate and charges on loans for usury purposes
Mark R. Basile, Esq.
Jan 31, 20236 min read
281
Should the NY Attorney General Expand its Investigation to Convertible Note Lenders - Usury Laws.
Our law firm is known for taking the position that fixed discount convertible notes used to finance small underfunded public companies...
Mark R. Basile, Esq.
Dec 14, 20226 min read
159
Why a CEO MUST Consult an Attorney Prior to Amending a “Choice of Law” Provision in a Contract
Most laws in our country don’t tend to differ much between states. In fact, it’s probably accurate to say that a majority of states’...
Eric J. Benzenberg, Esq.
Mar 29, 20224 min read
251
How RICO and the Adar Bays Decision Can Help Microcaps Recover Losses Caused by Toxic Lending
On October 14, 2021, the New York Court of Appeals issued its decision in Adar Bays. The Adar Bays decision put a major dent in the...
Marjorie M. Santelli Esq. and Christopher M. Basile, Esq.
Feb 27, 20228 min read
2,125
Toxic Lender's Stall Tactics Fail in Minnesota State Court
After commencing litigation against DarkPulse, Inc. in a Minnesota State Court, convertible note purveyor Carebourn Capital, L.P. has...
Eric J. Benzenberg, Esq.
Feb 18, 20223 min read
915
OTC Markets Death Spiral Funders Days may be Numbered
For the last several years, toxic convertible note funders have had their way with small, under-funded OTC Markets publicly trading...
Mark R. Basile, Esq.
Jan 20, 20216 min read
5,200
OTC Market Issuers May Recoup Hundreds of Millions from SEC Actions against Toxic Lenders.
Many CEO’s and investors in small public companies trading on the OTC Markets are closely following the SEC lawsuits instituted against...
Mark R. Basile, Esq.
Sep 4, 20204 min read
2,862
Could The End of Toxic Convertible Notes Be in Sight?
It may happen soon, especially in states like New York, Florida and Texas, all of which have criminal usury statutes capping the amount...
The Basile Law Firm P.C.
Nov 13, 20194 min read
171
Microcap Terrorism - A Warning to OTC CEO's
There are many forms of terrorism in this world playing out right before us and we are all somewhat familiar with the political form, but...
Mark R. Basile, Esq.
Nov 13, 20196 min read
5,629
THE FRIDAY THE 13TH CONVERTIBLE NOTE MASSACRE
HEY CONVERTIBLE NOTE HOLDERS – LET’S MAKE A DEAL! Turns out that Friday the 13th is also unlucky for toxic convertible note-holders! I...
The Basile Law Firm P.C.
Apr 18, 20186 min read
56
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