SEC Charges Merchant Cash Advance Companies and Their Founder for Operating an Alleged Investment Fraud
September 29, 2026
September 29, 2026
WASHINGTON, Sept. 29 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Jacob Garfinkel, 5G Funding LLC, and Five G Funding LLC, No. 26-cv-11825 (N.D. Ill. filed Sept. 28, 2026)
On September 28, 2026, the Securities and Exchange Commission charged 5G Funding and Five G Funding (together, "5G Funding"), two Skokie, Illinois-based companies, and their CEO and owner Jacob Gar . . .
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Securities and Exchange Commission v. Jacob Garfinkel, 5G Funding LLC, and Five G Funding LLC, No. 26-cv-11825 (N.D. Ill. filed Sept. 28, 2026)
On September 28, 2026, the Securities and Exchange Commission charged 5G Funding and Five G Funding (together, "5G Funding"), two Skokie, Illinois-based companies, and their CEO and owner Jacob Gar . . .