When you read the facts and accusations of the Par Funding case, this new guilty plea is not a surprise. Everyone has the benefit of being innocent until proven guilty but most can see what transpired in this case was going to end for some individuals in this fashion. It's likely what you will see from the Yellowstone/DeltaBridge case, but of course the complaints have not been proven yet.
Heres the new report from the Philadelphia Inquirer:
"Wife of Par Funding founder strikes deal to plead guilty while two others charged in new indictment"
Lisa 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.
The wife of embattled Par Funding founder Joseph LaForte has agreed to plead guilty in a case alleging she helped him hide more than $40 million he earned through the business cash advance company that authorities say operated more like a Mafia-style criminal enterprise.
Court filings Friday indicated that Lisa McElhone, 44, of Philadelphia, will enter a guilty plea at an April 16 hearing before U.S. District Judge Mark A. Kearney.
The specific charges to which she has agreed to admit guilt as well as the terms of any deal she may have struck with prosecutors remain unclear. Her attorney Alan S. Futerfas did not return requests for comment Friday.
Still, McElhone’s decision marks a significant milestone in the sweeping — and seemingly ever-widening — probe that has prompted Par Funding’s collapse and left her husband and his former business associates battling criminal prosecution and civil penalties on multiple fronts.
Read the rest of the article below:
Wild, I imagine Joseph is in deep shhh
😮