The FTC filed a complaint in the U.S. District Court for the Central District of California against Seek Capital and its CEO, Roy Ferman, alleging that the company operated a bogus business finance scheme that cost small business owners more
FTC Targets Seek Capital in Fraudulent Business Finance Scheme
WASHINGTON, D.C. — The Federal Trade Commission (FTC) has launched a significant legal action against Seek Capital and its CEO, Roy Ferman, alleging a deceptive business finance scheme that defrauded small business owners of more than $37 million. This move
Why women don’t seek business finance
Women-owned businesses face what academics call “borrowing discouragement”, the reluctance to seek business financing because they believe their applications will be rejected. This happens despite no evidence of gender-based discrimination from financial institutions. Erhan Kilincarslan and Jiafan Li write that