1st Global Capital LLC was a specialty finance company that raised funds from investors to provide merchant cash advances to small and medium-sized businesses. The company presented itself as a lucrative investment opportunity, promising significant returns from the high-interest nature of MCAs. However, in 2018, the U.S. Securities and Exchange Commission (SEC) charged the company and its chairman with operating a massive fraud and Ponzi-like scheme. The company subsequently filed for Chapter 11 bankruptcy and ceased all operations.

Founded in

United States