CBSG DBA Par Funding Receivership

The Par Funding Receivership is the legal entity established following a U.S. Securities and Exchange Commission (SEC) enforcement action in July 2020. The original company, Par Funding (doing business as CBSG), purported to be a specialist in short-term capital solutions for small businesses, funded by selling promissory notes to investors. However, the SEC charged Par Funding and its principals with operating a large-scale fraud, raising nearly half a billion dollars from investors through false and misleading statements. The receivership's mission is not to conduct business, but to marshal, manage, and liquidate the company's assets in order to distribute the proceeds to defrauded investors and other creditors under the supervision of the U.S. District Court for the Southern District of Florida.