Par FundingThe wife of Par Funding’s founder was sentenced to one day in prison — the last prosecution of people tied to the fraudulent firmLisa McElhone dodged about $1.6 million in tax payments by lying about where she lived with her husband, Joseph LaForte, Par Funding's leader.Chris Palmer Five years after takeover, Par Funding cash and blame are still being sorted out in courtJoseph N. DiStefano A former Par Funding financial executive was sentenced to six months in prison for helping perpetuate the massive fraudChris Palmer Par Funding’s ex-CFO was sentenced to more than 5 years in prison for helping to deceive investorsChris Palmer Deals with lawyers, financiers yield an additional $100 million for Par Funding victimsJoseph N. DiStefano AdvertisementA former Par Funding debt collector was sentenced to 18 months in jail for using mob-style threats against borrowersRenato “Gino” Gioe used loan-shark style threats as he sought to recoup overdue funds from customers.Chris Palmer Par Funding founder Joseph LaForte sentenced to more than 15 years in prisonJoseph LaForte committed an “astounding” array of crimes to prop up one of the biggest financial frauds in Pennsylvania history, prosecutors said.Chris Palmer and Joseph N. DiStefano Par Funding investors get some of their millions back, as LaForte brothers await sentencingInvestors in Joseph and James LaForte's Philly-based Ponzi scheme are getting almost half their money back and maybe more later.Joseph N. DiStefano ‘Grandfatherly’ accountant Joe Pezzano died last Christmas. One year later, where are the millions he was entrusted with?“I have no retirement, no pension, nothing," said one investor, who is now working overtime to pay the bills. Dozens of people are still filing claims in Montgomery County.William Bender Par Funding’s ex-CFO pleads guilty in racketeering caseIn exchange for Joseph Cole Barleta's guilty plea on racketeering charges, prosecutors agreed to recommend he spend no more than eight years in prison.Jeremy Roebuck Par Funding’s LaForte brothers could spend more than a decade in prison under a deal cut with prosecutors — if a judge accepts itCompany CEO Joseph LaForte and his brother, James, agreed to plead guilty in deals that could send them to prison for years. But the judge overseeing the case expressed reservations.Jeremy Roebuck and Joseph N. DiStefano Par Funding founder Joseph LaForte and brother, James, strike deal to plead guiltyExpected guilty pleas from Joseph and James LaForte would mark the most significant developments to date in the long-running federal investigation that led to Par Funding's collapse.Jeremy Roebuck Par Funding is branded ‘a Ponzi scheme’; ‘insiders’ seek millions as investors wait The "Ponzi" designation is meant to make it easier to pay Par investors who lost it all.Joseph N. DiStefano Wife of Par Funding founder pleads guilty to hiding millions in tax fraud caseLisa McElhone, 44, told a federal judge she dodged taxes owed in Pennsylvania by lying on tax forms about where she and husband, Joseph LaForte, lived.Jeremy Roebuck Wife of Par Funding founder strikes deal to plead guilty while two others charged in new indictmentLisa McElhone, spouse of company founder Joseph LaForte, is the third defendant to admit guilt in the sprawling — and seemingly ever-widening — probe of the merchant cash advance business.Jeremy Roebuck Par Funding’s founder faces new charges — including one used to prosecute members of the MafiaIn a superseding indictment unsealed Monday, prosecutors charged Joseph LaForte, 53, with a new count of racketeering conspiracy — one that could send him to prison for up to 20 years.Jeremy Roebuck Par Funding investors are eager for a plan to get some of their money backBut borrowers and salespeople are fighting for their own slices of funds recovered from the former Philadelphia business lender.Joseph N. DiStefano Par Funding investors closer to getting their money back as $250M in claims are approvedMore than 1,700 investors in Par Funding are hoping to get back $250 million invested in Par Funding, a Philadelphia small-business lender whose owners face federal fraud charges.Joseph N. DiStefano Millions in assets have been found to pay back Par Funding investors as settlement inches closer Investigators working for the court-appointed receiver say they have found most of the estimated $250 million needed to repay investors.Joseph N. DiStefano Par Funding probe: Company founder threatened to kill Philly developer Ori Feibush, prosecutors sayAmid a heated dispute last year, Joseph LaForte allegedly threatened to have Feibush and his wife "clipped," prosecutors say, calling the incident part of a troubling pattern.Jeremy Roebuck and Joseph N. DiStefano See more storiesAdvertisement
The wife of Par Funding’s founder was sentenced to one day in prison — the last prosecution of people tied to the fraudulent firmLisa McElhone dodged about $1.6 million in tax payments by lying about where she lived with her husband, Joseph LaForte, Par Funding's leader.Chris Palmer
The wife of Par Funding’s founder was sentenced to one day in prison — the last prosecution of people tied to the fraudulent firmLisa McElhone dodged about $1.6 million in tax payments by lying about where she lived with her husband, Joseph LaForte, Par Funding's leader.Chris Palmer
Five years after takeover, Par Funding cash and blame are still being sorted out in courtJoseph N. DiStefano
Five years after takeover, Par Funding cash and blame are still being sorted out in courtJoseph N. DiStefano
A former Par Funding financial executive was sentenced to six months in prison for helping perpetuate the massive fraudChris Palmer
A former Par Funding financial executive was sentenced to six months in prison for helping perpetuate the massive fraudChris Palmer
Par Funding’s ex-CFO was sentenced to more than 5 years in prison for helping to deceive investorsChris Palmer
Par Funding’s ex-CFO was sentenced to more than 5 years in prison for helping to deceive investorsChris Palmer
Deals with lawyers, financiers yield an additional $100 million for Par Funding victimsJoseph N. DiStefano
Deals with lawyers, financiers yield an additional $100 million for Par Funding victimsJoseph N. DiStefano
A former Par Funding debt collector was sentenced to 18 months in jail for using mob-style threats against borrowersRenato “Gino” Gioe used loan-shark style threats as he sought to recoup overdue funds from customers.Chris Palmer
A former Par Funding debt collector was sentenced to 18 months in jail for using mob-style threats against borrowersRenato “Gino” Gioe used loan-shark style threats as he sought to recoup overdue funds from customers.Chris Palmer
Par Funding founder Joseph LaForte sentenced to more than 15 years in prisonJoseph LaForte committed an “astounding” array of crimes to prop up one of the biggest financial frauds in Pennsylvania history, prosecutors said.Chris Palmer and Joseph N. DiStefano
Par Funding founder Joseph LaForte sentenced to more than 15 years in prisonJoseph LaForte committed an “astounding” array of crimes to prop up one of the biggest financial frauds in Pennsylvania history, prosecutors said.Chris Palmer and Joseph N. DiStefano
Par Funding investors get some of their millions back, as LaForte brothers await sentencingInvestors in Joseph and James LaForte's Philly-based Ponzi scheme are getting almost half their money back and maybe more later.Joseph N. DiStefano
Par Funding investors get some of their millions back, as LaForte brothers await sentencingInvestors in Joseph and James LaForte's Philly-based Ponzi scheme are getting almost half their money back and maybe more later.Joseph N. DiStefano
‘Grandfatherly’ accountant Joe Pezzano died last Christmas. One year later, where are the millions he was entrusted with?“I have no retirement, no pension, nothing," said one investor, who is now working overtime to pay the bills. Dozens of people are still filing claims in Montgomery County.William Bender
‘Grandfatherly’ accountant Joe Pezzano died last Christmas. One year later, where are the millions he was entrusted with?“I have no retirement, no pension, nothing," said one investor, who is now working overtime to pay the bills. Dozens of people are still filing claims in Montgomery County.William Bender
Par Funding’s ex-CFO pleads guilty in racketeering caseIn exchange for Joseph Cole Barleta's guilty plea on racketeering charges, prosecutors agreed to recommend he spend no more than eight years in prison.Jeremy Roebuck
Par Funding’s ex-CFO pleads guilty in racketeering caseIn exchange for Joseph Cole Barleta's guilty plea on racketeering charges, prosecutors agreed to recommend he spend no more than eight years in prison.Jeremy Roebuck
Par Funding’s LaForte brothers could spend more than a decade in prison under a deal cut with prosecutors — if a judge accepts itCompany CEO Joseph LaForte and his brother, James, agreed to plead guilty in deals that could send them to prison for years. But the judge overseeing the case expressed reservations.Jeremy Roebuck and Joseph N. DiStefano
Par Funding’s LaForte brothers could spend more than a decade in prison under a deal cut with prosecutors — if a judge accepts itCompany CEO Joseph LaForte and his brother, James, agreed to plead guilty in deals that could send them to prison for years. But the judge overseeing the case expressed reservations.Jeremy Roebuck and Joseph N. DiStefano
Par Funding founder Joseph LaForte and brother, James, strike deal to plead guiltyExpected guilty pleas from Joseph and James LaForte would mark the most significant developments to date in the long-running federal investigation that led to Par Funding's collapse.Jeremy Roebuck
Par Funding founder Joseph LaForte and brother, James, strike deal to plead guiltyExpected guilty pleas from Joseph and James LaForte would mark the most significant developments to date in the long-running federal investigation that led to Par Funding's collapse.Jeremy Roebuck
Par Funding is branded ‘a Ponzi scheme’; ‘insiders’ seek millions as investors wait The "Ponzi" designation is meant to make it easier to pay Par investors who lost it all.Joseph N. DiStefano
Par Funding is branded ‘a Ponzi scheme’; ‘insiders’ seek millions as investors wait The "Ponzi" designation is meant to make it easier to pay Par investors who lost it all.Joseph N. DiStefano
Wife of Par Funding founder pleads guilty to hiding millions in tax fraud caseLisa McElhone, 44, told a federal judge she dodged taxes owed in Pennsylvania by lying on tax forms about where she and husband, Joseph LaForte, lived.Jeremy Roebuck
Wife of Par Funding founder pleads guilty to hiding millions in tax fraud caseLisa McElhone, 44, told a federal judge she dodged taxes owed in Pennsylvania by lying on tax forms about where she and husband, Joseph LaForte, lived.Jeremy Roebuck
Wife of Par Funding founder strikes deal to plead guilty while two others charged in new indictmentLisa McElhone, spouse of company founder Joseph LaForte, is the third defendant to admit guilt in the sprawling — and seemingly ever-widening — probe of the merchant cash advance business.Jeremy Roebuck
Wife of Par Funding founder strikes deal to plead guilty while two others charged in new indictmentLisa McElhone, spouse of company founder Joseph LaForte, is the third defendant to admit guilt in the sprawling — and seemingly ever-widening — probe of the merchant cash advance business.Jeremy Roebuck
Par Funding’s founder faces new charges — including one used to prosecute members of the MafiaIn a superseding indictment unsealed Monday, prosecutors charged Joseph LaForte, 53, with a new count of racketeering conspiracy — one that could send him to prison for up to 20 years.Jeremy Roebuck
Par Funding’s founder faces new charges — including one used to prosecute members of the MafiaIn a superseding indictment unsealed Monday, prosecutors charged Joseph LaForte, 53, with a new count of racketeering conspiracy — one that could send him to prison for up to 20 years.Jeremy Roebuck
Par Funding investors are eager for a plan to get some of their money backBut borrowers and salespeople are fighting for their own slices of funds recovered from the former Philadelphia business lender.Joseph N. DiStefano
Par Funding investors are eager for a plan to get some of their money backBut borrowers and salespeople are fighting for their own slices of funds recovered from the former Philadelphia business lender.Joseph N. DiStefano
Par Funding investors closer to getting their money back as $250M in claims are approvedMore than 1,700 investors in Par Funding are hoping to get back $250 million invested in Par Funding, a Philadelphia small-business lender whose owners face federal fraud charges.Joseph N. DiStefano
Par Funding investors closer to getting their money back as $250M in claims are approvedMore than 1,700 investors in Par Funding are hoping to get back $250 million invested in Par Funding, a Philadelphia small-business lender whose owners face federal fraud charges.Joseph N. DiStefano
Millions in assets have been found to pay back Par Funding investors as settlement inches closer Investigators working for the court-appointed receiver say they have found most of the estimated $250 million needed to repay investors.Joseph N. DiStefano
Millions in assets have been found to pay back Par Funding investors as settlement inches closer Investigators working for the court-appointed receiver say they have found most of the estimated $250 million needed to repay investors.Joseph N. DiStefano
Par Funding probe: Company founder threatened to kill Philly developer Ori Feibush, prosecutors sayAmid a heated dispute last year, Joseph LaForte allegedly threatened to have Feibush and his wife "clipped," prosecutors say, calling the incident part of a troubling pattern.Jeremy Roebuck and Joseph N. DiStefano
Par Funding probe: Company founder threatened to kill Philly developer Ori Feibush, prosecutors sayAmid a heated dispute last year, Joseph LaForte allegedly threatened to have Feibush and his wife "clipped," prosecutors say, calling the incident part of a troubling pattern.Jeremy Roebuck and Joseph N. DiStefano
