Last Updated:
Case Status:
Pending
Federal Trade Commission, Plaintiff, v. RCG Advances, LLC, a limited liability company, f/k/a Richmond Capital Group, LLC, also d/b/a Viceroy Capital Funding and Ram Capital Funding; Ram Capital Funding LLC, a limited liability company; Robert L. Giardina, individually and as an owner and officer of RCG Advances, LLC; Jonathan Braun, individually and as a de facto owner and an officer or manager of RCG Advances, LLC; and Tzvi Reich, a/k/a Steven Reich, individually and as an owner and officer of Ram Capital Funding LLC, and as a manager of RCG Advances, LLC; Defendants.
FTC Matter/File Number:
192 3252
Civil Action Number:
1:20-cv-04432
Enforcement Type:
Civil Penalties
Federal Injunctions
Federal Court:
Southern District of New York
Case Summary
The FTC filed a complaint against RCG Advances, LLC—formerly known as Richmond Capital Group, LLC, and also doing business as Viceroy Capital Funding and Ram Capital Funding—and a related entity and individuals. The complaint alleges that, since at least 2015, the defendants have deceived small businesses and other organizations by misrepresenting the terms of merchant cash advances they provided, and then used unfair collection practices, including threatening physical violence, to compel consumers to pay. The FTC also alleges that defendants have made unauthorized withdrawals from consumers’ accounts.
