EXHIBIT 20 

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• 

DECLARATION OF ED HORNER 

Pursuant to 28 U .S.C. Section 1746, tht: undersigned states as follows: 

l. My name is Ed Horner. l am over twenty-one years of age and have personal 

knowledge of the matters set fmth herein. l work as an investigator for a company by the name 

of Reehl Investigations, LLC ("R.eehl") located in Marlton, New Jersey. 

2. On November 21, 2019, at the request of a client of Reeh!, l attended an 

investment seminar hosted by A Better Financial Plan in King of Prussia, Pennsylvania, and 

made a video and audio recording of the event. l saved the audio file recording for the entire 

presentation as the following files: 

a. MOV10005.mp4 

b. MOV10006.mp4 

c. MOVI0007.mp4 

d. MOVI0008.mp4 

e. MOVI0009 .mp4 

f. MOVI0010.mp4 

g. MOVI0011.mp4 

h. MOVI0012.rnp 

1. MOVI0013.mp4 

J. MOVI0014.mp4 

A true and correct copy of the recordings I made listed above is attached hereto as Exhibit "A." 

3 • Also attached hereto, as Exhibit "B," is a true and correct copy of a docurnent I 

prepared concerning the event and the recording I made that evening. I noticed that at least 300 

people attended this event. 

Case 9:20-cv-81205-RAR Document 41-7 Entered on FLSD Docket 07/28/2020 Page 2 of 83
4. I obtained marketing materials that were distributed at the investment seminar. A 

tme and correct copy of the matetia!s I received are attached hereto as Exhibit ·'C."' 

l declare under penalty of petjury that the foregoing is true, conect, and made in 

good faith. 

Executed on this ZO day of -.JJf-- 2020. 

~ 

~ ~a.,---;;;.>,._· _____ " 

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1 THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION 

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In the Matter of: 

UNITED FIDELIS GROUP 

File No. FL-04188-A 

AMENDED 7-13-2020 

7 SUBJECT: November 21, 2019 Solicitation Event 

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Videos MOVI0005.mp4 through MOVI0014.mp4 

PAGES: 1 through 77 

AUDIO TRANSCRIPTION 

Diversified Reporting Services, Inc. 

(202) 467-9200 

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EXHIBIT 

A 

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VIDEO FILE: 

MOVI0005.mp4 

MOVI0006.mp4 

MOVI0007.mp4 

MOVI0008. mp4 

MOVI0009.mp4 

MOVI0010.mp4 

MOVI0011.mp4 

MOVI0012.mp4 

MOVI0013.mp4 

MOVI0014.mp4 

C O N T E N T S 

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P R O C E E D I N G S 

Video File: MOVI0005.mp4 

(Brief video, ~9 seconds in length, 

showing a formal dinner setting, with multiple 

inaudible conversations in the backdrop. No 

clear conversation is audible.) 

( End of video. ) 

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Video File: MOVI0006.mp4 

FEMALE PARTICIPANT: I want to (inaudible) our 

whole presentation up here. Come on, I just want to 

(inaudible) --

MALE PARTICIPANT: So rule number one of 

speaking in front of (inaudible) --

FEMALE PARTICIPANT: I'm going to keep going. 

So years ago, my brother, we did (inaudible) four people 

showed up, and I would go where I would get in trouble, 

still get in trouble, and now see all you here tonight, 

I'm very excited. We're about to hand out a million 

dollars to investors who had faith in my brother or took 

a chance in our investments. 

For those of you who don't know me, he is the 

hardest working, most passionate man and funny --

that you'll ever meet. And I love him. 

So he keeps my on my toes. So everyone I'd 

like you to welcome my brother Dean (inaudible.) 

(Applause.) 

FEMALE PARTICIPANT: And I didn't even cry. 

And I didn't even cry. 

MR. VAGNOZZI: Thank you. Dana is the 

gatekeeper to the office, as you may know (inaudible) 

I'll show the picture in a second, Dana. 

DANA: Thank you. (Applause.) 

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MR. VAGNOZZI: (Inaudible) my slide advancer 

here. I'm sorry. Probably in my pocket. I guess I put 

it (inaudible) this is like 10 years ago. This is like 

the beginning. 

I eat -- I've eaten more steak at Ruth Chris, 

right? And we had, you know, modest beginnings. But now 

we've put 200 people in a room. 

Who is here for the million bucks? Or who is 

here for the free meal? Or a combination of both? All 

right. 

So show of hands, who is not a client? Not a 

client? Excellent, excellent. 

Where is Dave Stovaditch (ph)? 

MR. STOVADITCH: Right here. 

MR. VAGNOZZI: There he is (inaudible). This 

guy is the top dog for KYW News Radio. What do you 

think? And you're all here because of this man? 

Where's Tom? Tom Humphrey? 

MR. HUMPHREY: Right here. 

MR. VAGNOZZI: There you go. And Tom is 

(inaudible). Our business when through the roof when we 

started advertising on (inaudible) that worked well. 

Did you hear what I said (inaudible) fantastic. 

MR. HUMPHREY: (Inaudible.) 

MR. VAGNOZZI: What's that? 

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MR. HUMPHREY: (Inaudible.) 

MR. VAGNOZZI: Let me go back here. So I 

appreciate everybody coming out. So if you're not -- if 

you're not a customer, talk to -- ask anybody anything 

you want. How is that? 

Why do you think we're doing this? We -- this 

is our way -- this is the best form of advertising. The 

commercials help get people in. If you are not an 

investor already, talk to anybody surrounding you, ask 

them whatever you want about their experience, about the 

investments. 

And if that doesn't make you want to come in, 

I don't know. I give up. Okay, because what we're 

doing is real. There's great returns. 

We feel -- we feel -- there's risk in 

everything, and when you come into the office, we'll 

explain everything -- we'll get into some of the stuff 

tonight. 

in 

But we just think there's a heck of a lot risk 

less risk in what we're doing than what we 

(inaudible) okay? So let's just leave it at that. 

The cameras -- what we do on our website, so 

you're seeing videos, cameras, so bear with all that. 

So let me go through a few things. First 

thing I want to do is I want to get my team up here, 

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okay? 

We're going over the team. I'll tell you what 

we do. And we'll talk about dinner. At dinner, we're 

going to -- talk (inaudible) We're going to hand out a 

million bucks. Right? 

Does Phil Cannell hand out a million bucks? 

Does that crash-proof guy hand out a million bucks? No, 

he takes that million bucks and you never see it again. 

(Inaudible) we're going to hand out a million 

bucks. You see the spelling errors? It's because I 

didn't do well in English, and you probably see a couple 

today (inaudible). 

We're going to talk about the (inaudible) cash 

investment, which is -- we are -- we are knocking it out 

of the park with. 

You know what you have tonight -- what you 

have tonight is if you're an investor, you're going to 

hear from the executive staff with the merchant cash 

investment, which so many of you are a part of. 

You've heard from Perry. We have the -- I 

call it the honor of having the -- all the execs here, 

and you're going to hear about the state of the merchant 

cash business. 

This company, CBSG is buying a bank, right? 

They're buying a bank and they're looking for investors. 

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They don't need investors. Right, they can write a 

check to acquire this bank all by themselves. 

But bank regulations require that they only 

own like 5 percent of it for the first three years. So 

they're forced to get other people to help raise the 

money. 

So this is what we do. We've got a handful of 

stable investments. But every now and then you come 

across stuff that -- opportunities that are outside the 

box that you may or many not want to get involved in, 

okay? 

And this Bank One -- this bank presentation, 

you're going to be really excited about. We had a small 

-- we had about 30 people in their office about a month 

and a half ago, and everybody wants to be a part of it. 

So you're going to hear about that. That will be the 

last thing we cover. 

And look, we're here -- this is how I make a 

living. This is how we make a living. And we're trying 

to -- everything we do -- who -- if you're not an 

investor, raise your hand if you're skeptical. 

Really? If you don't have your hand up, 

you're lying. 

You should be skeptical. How about this? Who 

is an investor that was skeptical? Ah -- okay. 

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So, yeah, we can show this photo here. Let's 

get my team up here, okay? Okay (inaudible). 

Oh, by the way, we're going to hand out these 

forms here. We want you to fill out the forms. 

(Inaudible) the meeting -- what you like and what you 

don't like. We're going to want you to book an 

appointment, by the way. 

If you want to come see us, we will not chase 

you. Call us. We won't chase you. But if you want to 

come in -- it's impossible to pull up 200 (inaudible) 

tonight, we want you fill these out. We want you to 

tell us the time and the date you can come in. 

And as soon -- as if there's a conflict, 

you'll sit with one of our team members -- and if 

there's a conflict, then we're going to reschedule, all 

right? 

So I just want you to (inaudible). All right, 

let's -- let's start with (inaudible) Dana is the 

gatekeeper. Dana does the tough -- she -- her job is to 

make sure her candidate, that you only get into her 

office if you're serious about (inaudible). 

Right? That's the word. We're not interested 

-- we're interested in people that want to take action, 

and her job is to make sure that we don't get browsers, 

okay? That's it. We want people not to -- do you 

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agree? Was there any pressure on anybody to invest? 

No pressure. But in fairness to us, we want 

people that are serious that have game and want to 

invest. We won't pressure you. 

That's Dana's job. She's pretty much the 

first impression that everybody looks into her office. 

Where's Perry? Perry Nadel (ph). I married 

this man's daughter. And it reminds me like every week 

that, you know, I got the better end of the deal. Andi 

did. 

So my father-in-law Perry, obviously retired, 

but I pulled him out of retirement to -- he ran a 

business with 130 employees, $50 million of revenues 

back in the late '90s, early 2000s. He's got a ton of 

wisdom that he's helping me expand. So Perry Nadel. 

Anita. Where's Anita? Anita is --

(inaudible) Anita is when you come into our office, 

Anita and Joanie sit at the desk, we have a mountain of 

paperwork that is involved in what we do. And Anita 

keeps it all straight. 

Joanie I'll introduce in a second, but Anita 

is -- Anita is -- I sat next to Anita sat next to me 

during my senior prom. Right? She kept rubbing my leg 

(inaudible). 

Actually, here's a plug, you guys know Gino's 

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Restaurant in (inaudible)? That's Anita's restaurant. 

Anita's family owns that. It's best Italian food in the 

area. Go patronize Gino's Restaurant and tell them 

Anita sent you. They won't give you any discounts. I 

wish they would. It's a great spot. It's one of those 

BYOB places where you eat and you got lunch the next day 

and the next three days. 

Jody -- Jody Markey there's Jody. Jody and 

Anita are like, fused at the hip (inaudible). What does 

Jody do? Everything. 

Like anything we want to get done -- the other 

day my cabinets in my office kept opening, you know, so 

it had like a little metal sticker that, like, that you 

put in the cabinet and it connects it. They weren't 

sticking. 

Jody went to Home Depot and fixed them. You 

know, Jody does whatever -- I don't know how to work a 

hammer. But Jody -- now, she's integral -- she's 

important -- integral -- help with that word, integral? 

Integral? She's really fabulous. That's it. She's 

important. 

Again, she's at the front desk with Anita, and 

they're touching every piece of paperwork that comes in, 

a very organized individual. 

Michelle and Karen. Where are they? Okay, 

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Michelle Karen are -- we have two CPAs, right? Every 

dollar that comes through here, these ladies make sure 

is in the right spot and (inaudible) and they're the 

ones obviously helping with the check distributions. 

So our job is to leave them alone was much as 

we can. But they're fantastic, okay? I can't maybe 

you don't speak to them, but they are the guts of our 

operation here. And Michelle has been with me for how 

long -- three? Three years? 

MICHELLE: Five years. 

MR. VAGNOZZI: Has it been five years? I'm 

not -- it's been three years 

seems like yesterday. 

it's five years. It 

Anyway, Karen just joined us how long ago now, 

two months? How are we going so far? Okay, you're 

doing a very good job. 

All right, thank you. Dominic. Where's 

Dominic. Dominic, what's your major, Dominic? 

DOMINIC: Chemical engineering. 

MR. VAGNOZZI: Chemical engineering. We have 

a chemical engineer working for us. What do you think? 

You glad -- Dominic joined us how long ago? So my 

daughter played soccer at St. Joe's with his girlfriend. 

That's how I met him. 

He was looking for a job. We sat down, 

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talked. This kind is great, okay? So he's new. He's 

like a sponge soaking up everything. 

But he's going to be superstar for us. He's 

brining in his friends and family. He's doing really 

well. 

John. Where's John? John Dorr is one of our 

advisors, so there's a good chance when you come in, 

you're going to see John. So if you're not a current 

investor, John will be one of the guys you're speaking 

with. 

Andy actually, (inaudible) John, you were a 

client of mine 10 years ago (inaudible) we've known each 

other a long time. 

John is getting -- just got married, right? 

Congratulations, John. 

Andy? Where's Andy? Andy Zoff -- he's 

another one of our advisors. Good chance many of you 

will be working with Andy. 

Andy is another client. Andy was a client 

before. I got to tell you Andy was a client and 

investor before he started working with me. Basically, 

he came and talked to me. He said, you know, I love 

this stuff, what can I do to join your firm 

(inaudible). Andy, you tell me how long you've been 

working -- five years -- (inaudible) fantastic. 

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Where's Jason? Jason. Who has worked with 

Jason? Jason like, has -- like I don't know, like his 

office bigger than mine. He reminds of -- he's an Ohio 

State fan, by the way. 

So he tells us -- he reminds us about the Penn 

State -- anyway. So if you're a Penn State alumni, we 

will not put you with Jason. Jason -- Jason, how long 

were you working basically on Wall Street before you 

joined? Twenty-five years 

years -- night and day. 

you're with us now two 

And how much better is what we're doing than 

what you were doing? 

JASON: A lot better. 

MR. VAGNOZZI: A lot better. Okay. Jason is 

fantastic. Okay, many you work with him -- a good 

chance some of you will sit with Jason. 

Mike Tarry -- where's Mike? Mike Mike --

I've known Mike -- Mike is the longest partner of mine. 

I met Mike in 2006. 

One of those little rinky-dink seminars I did 

at Ruth Chris, he shows up. And I knew this guy wasn't 

(inaudible) who are you? 

He's like I was referred to you by such and 

such, and I'm not leaving until you hire me. I was 

like, okay -- that's pretty much how it went, right? 

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Great guy. 

Who else? Alec. My son Alec -- all right? 

So Alec graduated Penn State. Him and Jason don't get 

along well. He went to work for JPMorgan for a year, 

and I basically told him to come work with me. And he's 

with me now six months, and he's going to obviously be a 

huge part for all my business. So he's doing a 

fantastic job. 

And last but not least (inaudible) Shannon is 

Shannon, I could quickly, somebody heard this -- so 

three years ago -- three years ago -- again, my daughter 

played soccer at St. Joe's, and she just finished her 

last game (inaudible) she played in Italy a couple years 

ago. St. Joe's played in Italy, and Shannon played for 

St. Joe's a couple years ago. 

And as a courtesy they let the former players 

come play with the current players. So she gets on the 

bus, and like -- everybody is like, looking at her --

like who is this. I made it a mission to talk to her 

the rest of the four days. And she was looking for a 

job. 

And what's your major? Psychology. This --

(End of video.) 

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Video File: MOVI0007.mp4 

MR. VAGNOZZI: (Inaudible) and she is aces. 

They're all aces. Everybody here -- we really -- do we 

have a cool team? 

MALE PARTICIPANT: Yes. 

MR. VAGNOZZI: We have a family-oriented 

business. Everybody gets along. And I -- I cannot be 

any more proud to say that this is my team. 

And if you haven't met them, talk to them, 

whatever, I just -- I do all the talking, but I am 

nothing without this group of people. So thank you. 

Okay, why do you need a better financial 

planner? Market is in its 11th year of growth, okay? 

Everybody -- how is this for going out on a ledge --

everybody wants to get money out of the market, yes or 

no? 

Everybody. But wait, Dean, the market is 

killing it. The better it does, the more people want to 

get money out, yes or no? The market is in its 11th 

year of growth. Again, I'm not (inaudible) that you 

hear on the radio, like -- I'm not saying the market is 

going to crash. I'm not saying you're going to lose all 

your money. I'm not saying you should be out of the 

market. 

But with the piece of the portfolio that you 

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want to get out, what's the dilemma? The dilemma is 

where do you put it that it still gets good returns and 

be protected from the volatility. 

That's the million dollar question. We think 

we've got four outstanding offers for that. You have 

again, you've got volatility of market, mutual funds, 

annuities, who -- again, I'm licensed to sell annuities. 

And I would love for every one of you to come in and 

buy an annuity from me. 

You know why? Because I'll make a big 

commission. It will never lose money, right? It's not 

right (inaudible). 

If you are okay with 2 percent to 4 percent 

returns over a 10-year period, get an annuity. Okay? 

Anybody an annuity is safe, but you'll be lucky 10 

years from now if you're up more than (inaudible). 

Annuities are interest rate sensitive. 

They're interest rate sensitive. Where are interest 

rates today? 

Because interest rates are so low, the caps on 

these index annuities, the caps limit your upside. 

Again, I'll spend time with you in the office showing 

you why -- again, if you've got enough money to put into 

an annuity, and you're okay 4 percent, get one. 

Most -- who wants more than 4 percent? 

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trying 

MALE PARTICIPANT: Everybody. 

MR. VAGNOZZI: Everybody. Again, I'm not 

I'm not trying to (inaudible) if you got 

enough money for a piece of your portfolio to buy an 

annuity, but most people want more than that. 

And that's where we're going to deliver for 

you, okay? We have stock market alternative investments 

that are secure, insulated from the models on like, Wall 

Street and that are proven -- not guaranteed -- proven 

track record (inaudible). 

All right? Did I say we're guaranteed? You 

know people come in (inaudible) you guaranteed. No, I 

didn't guarantee anything. There's risk (inaudible) 

pros and cons when you come in. 

But we've got some solid investments that are 

going to be the cure to your -- for your need to get 

into the market. 

I just want to spend -- so you understand what 

we're doing, how this kind of evolved, I'm going to tell 

a quick story (inaudible) so I'll go back. 

How did I -- how does the business evolve 

(inaudible)? It was 2001, 2002. What was happening 

(inaudible) up here -- and by the way, for those of you 

who have heard this kind of story 10 times, I apologize. 

I'm kind of speaking to the people who are meeting us 

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for the first time today. 

2001, 2002, my kids were four or five years 

old. They were young. What was happening? The stock 

market was getting beat up in 2000 (inaudible) what was 

also happening, simultaneously, the real estate market 

was going up, right? 

The market was going down, real estate was 

going up. My kids were young. I was in the software 

business. I worked for SAP America. I wanted to get a 

piece of the real estate profits. 

I had a ton of energy. I had no money that 

was accessible to me, except in the cash value of my 

life insurance, which is a whole other subject. 

We sell a ton of life insurance by the way. 

It's the most misunderstood financial vehicle in the 

world, but it's liquid. The key to the cash value on 

our life insurance was liquid. 

And I took the money out of my policy and I 

started using it to buy real estate. Okay, so I started 

doing the single-family homes. These fix and flip 

properties. I was making 10, 20 grand. I had 15 rental 

-- I had 15 rental units. I bought 15 (inaudible) and I 

built these homes. I made $600,00 -- $700,000 over an 

eight-year period in the real estate market, okay? 

Single-family real estate (inaudible) however 

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in 2005 (inaudible) I got introduced to a couple guys 

that had access to a 110 acres off Route 100 in 

(inaudible). Everybody familiar with that area? Off 

122 (inaudible) -- guess what they were doing? 

They were trying to find somebody to invest a 

million dollars -- they were looking for one person to 

invest a million dollars to fund the development of the 

shopping center. 

And guess how many people wanted to write a 

million dollar check? Nobody. But I looked at this. I 

had some success with real estate, and I'm like, I can 

put people together. 

Because I went to all my -- I'd made a career 

change. I was now selling life insurance for a living, 

and I went through all my life insurance clients, and I 

put them in a room, let these guys talk about the pros 

and cons of this real estate property (inaudible) it's 

called Upland Square. Who has heard of it? 

Upland Square -- 680,000 square feet of 

shopping center. I raised a million bucks with 30 

different individuals -- one person put in 50, another 

person put in 80, another person put in 20. We formed a 

corporation. We worked with a law firm (inaudible) 

we raised a million bucks amongst 30 people. 

We gave these developers the money. Three 

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years later they sold the property for 22 million, and 

our investors their million turned into 4.5 million --

okay. Yeah. 

So so what do you think I did? That's the 

profit. Upland Square -- you drive by it. If we don't 

raise the money, it's a big piece of land with a 

(inaudible) on it right now. 

There's when a light bulb went off for me. 

I'm like, wait a minute, I think we can make good money 

in single-family homes. You can make really big money 

pooling money with other people, right? 

That's what launched my business. So although 

we do some -- we have a real estate investment, which 

we're not going to talk about tonight, because we'll be 

here all night, but that's when I started pooling money 

to people, right? 

Because hey, can you afford this property by 

yourself? 

FEMALE PARTICIPANT: No. 

MR. VAGNOZZI: Right? Almost -- but you can't 

afford it. This costs -- it costs 22 million. You 

can't afford it. But you can if I take 30,000 from you 

and 100,000 from Phil, right? And 200,000 from that guy 

and 75,000 from that -- now we can pool the money, and 

now we can get the investment, right? 

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Isn't that a simple concept? The bottom line 

is this. There are a ton of really cool investments out 

there that you can't afford by yourself, and they're 

cash intensive, get it? 

It's that simple. All we do is have a better 

financial plan because we have identified before what we 

feel are secure places to put your money that have a 

proven track record that are cash intensive. It's 

simple. 

We take all your money, pool it together, and 

work Eckert-Seams in Philadelphia, one of the largest 

law firms in Philly, we put -- we form what's called 

private placements. 

These are securities that -- they comply with 

all state and federal securities laws, and we raise your 

money. And my team (inaudible) manages the money, puts 

it to use in the investments, and the returns again come 

to us, and we distribute them to you. Okay? 

Is that simple enough? That's all we're 

doing. Now why isn't everybody doing this? This is 

very important. Why isn't everybody doing this if this 

such a great idea? 

So -- here's why. So let's say -- (inaudible) 

let's just stick with Joe Blow is at Merrill Lynch. You 

want to be a financial planner. Let's go become a 

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financial planner. 

The thing with financial planning, you're 

going to go -- what does everybody own? Everybody here 

owns a mutual fund. Yes or no? Name me (inaudible) 

doesn't it make sense if you're going to get into 

financial planning to get the securities license needed 

to sell -- are you (inaudible) -- yes, help me. Yes? 

I'm paying the bill for dinner tonight, yes? There you 

go. 

(Inaudible) I'm speaking to the skeptics here, 

all the new people. So when you go sign up with Merrill 

Lynch, you're going to sign a piece of paper -- you pass 

all these exams, and you sign up with Merrill Lynch. 

And it all kind of basically says, thank you 

for joining our firm. You can sell stocks, bonds, and 

mutual funds. That's it. 

None of this out of the box stuff. Okay? So 

what I'm doing is legal, but most financial advisors 

don't have a set of you-know-what's to drop that license 

so they can do what I'm doing. Okay? 

Jason did it. Jason did it (inaudible) most 

people what happens when you get -- (inaudible) they 

have to leave the securities firm with and also leave 

the recurring revenue they get in there. 

Wait a minute, I've got 100 million in 

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management, that pays me, you know, 250,000 a year. I'm 

not leaving that. 

That's why nobody else does this. We don't 

have a securities license. I can sell you a mutual fund 

(inaudible) you want to get some great returns 

(inaudible) won't go up and down with Korean wars, won't 

go up and down with whatever. 

This stuff is insulated from the market's 

volatility. That's it. We pool money so you can get 

involved in investments that you can't afford. 

And candidly, you're going to hear from the 

(inaudible) you want 250 investors walking into your 

office? 

MALE PARTICIPANT: (Inaudible.) 

MR. VAGNOZZI: The point is -- the point is we 

deal with (inaudible) and we write them one check. We 

write them a $5 million check every two weeks. Does 

that make sense? Help me. Okay. 

Let's eat dinner. So here's what we're going 

to do (inaudible). What I'm going to do is -- are we 

going to do this -- how are we doing this in (inaudible) 

I'm going to leave it up to the staff here. I want you 

to listen hold on -- before you get up. I want you 

to grab something to eat. Sit down. I could care less 

about your (inaudible). I want you to hurry up and sit 

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down and eat. 

I'm going to give you like, four minutes 

without me talking. Enjoy I'll give you 10, 15 

minutes. Eat dinner. But as you're kind of 15 minutes 

into dinner, I'm going to get up and start talking, 

okay? I'm going to talk about (inaudible) we're going 

to hand out a million bucks (inaudible). 

So I'll be back up (inaudible) I'm so thrilled 

that you're here. Thank you, thank you. 

(Conversation inaudible.) 

( End of video. ) 

* * * * * 

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Video File: MOVI0008.mp4 

(Conversation inaudible.) 

MR. VAGNOZZI: So (inaudible) is the world's 

largest purchaser of other people's life insurance 

policies. Conveniently for us they're in (inaudible), 

Pennsylvania. 

Okay, now this is not (inaudible) but this is 

a few years old, and this is shown on CNN, nationally 

televised, five minutes before Trump accepts his 

nomination, if you are sitting home that day watching 

cable TV, this commercial is run every day of the week 

all across the country, okay? 

This commercial generates about 1,000 phone 

calls a week (inaudible) elderly people that have these 

life insurance policies and can't afford them, or just 

want the money today, okay? 

I'm going to -- I'm going to go do this 

quickly. I will answer all your questions, of course, 

in the office about how this works. But you get the 

idea. 

The coverage you get from these policies 

(inaudible) my point is we have the biggest company in 

the world right here in our back yard that buys these 

policies, and they turn around and they sell them to us. 

I want to make another kind of credibility 

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statement here. This is Children's Hospital website, 

and I want to make a point here. Right next to Franklin 

Field is the (inaudible) screenshot of Children's 

Hospital website. 

Alan Berger is the CEO of Coventry. Five 

years ago he donated 50 million to build the 

(inaudible). What's the moral of that story? How much 

money do you have to be making to donate 50 million? 

MALE PARTICIPANT: A lot. 

MR. VAGNOZZI: Alan Berger is a 72-year-old 

guy that all he's done the past 30 years is just buy 

other people's life insurance policies, and when they 

pass away, he gets the death benefit. 

No (inaudible) volatility. No up and down 

stock market. It's pretty much recession proof. You 

guys hear my commercials. Some of my commercials say, 

we have an investment with a fixed future payout. Guess 

where I'm going with that. 

MALE PARTICIPANT: Excuse me. 

MALE PARTICIPANT: Sure. 

MR. VAGNOZZI: Doesn't change value every day 

like the stock market, right? Understand that. That's 

all I've said. I can't explain what it is on the TV 

commercial. Nobody would come in. 

Hi, come in. I want to talk to you about 

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making money when people die (inaudible). 

Okay, so how does it work? I'm going to zip 

through this quickly, then I'm going to show you three -

- our last three maturities. 

This is a few years old, but you get the idea. 

Mary (inaudible) 87-year-old woman. We bought her 

policy (inaudible) $837,000 death benefit. We paid 

$307,00 for the policy. 

She had a SO-month life expectancy before the 

policy was purchased -- would I ever buy your house 

without what? What would I get done before I buy your 

house? An appraisal. 

This is, in essence, an appraisal on 

somebody's life. We talk about death here, and I don't 

mean to make light of it, but this is a business 

transaction, okay? 

These people are getting top dollar for the 

policy, and their kids sign off on it conceding that 

it's good for mom and dad, okay? 

(Inaudible) she was giving a SO-month life 

expectancy -- 50 month means if we bought a 100 of these 

policies, at 50 months, 50 percent of the people will 

have passed away by the first 50 months. 

The second 50 months is when the second half 

pass away, get it? Okay. 

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If she passed away in the 50th month -- this 

is before I bought it -- if she passed away in the 50th 

month, factoring in the upfront costs and the monthly 

premiums, because we still have to pay for these, it's a 

14 percent compounded (inaudible) okay. 

So we go ahead and we bought the policy. 

There's a company out there by the name of 21st 

Services. They're in Minneapolis. They underwrite 

these policies. 

They look at the medical records, family 

history, you know, what illnesses they have today. 

They're not looking at life expectancy like oh, the 

average man lives to 75 -- no, they're looking at that 

person's medical background to come up with a scary, 

accurate life expectancy. 

She had a -- she had a SO-month life 

expectancy, right? This is like (inaudible) all I care 

is about what the life expectancy says. This is not 

designed (inaudible) called the medical information that 

they provide to us. 

Bottom line, we go ahead and buy this policy. 

There's the graph to the expected number of people that 

pass away each year over the next 100 months -- again, 

50 percent of them pass away in the first 50 months in 

this situation. 

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The whole investment is boiled down into a 

graph like this. Look at this what's the upside of 

the stock market -- 20, 30, 40 percent? 

What's the downside of the stock market? Minus 

10, 20, 30 percent? If these actuaries are right it's a 

14 percent compounded return. 

If she passed away sooner than expected, the 

return is what -- higher or lower? Higher. We look at 

this -- if this woman double life expectancy, it's 

basically a break-even. 

If she gets to the 50 -- forgive me 

(inaudible) -- if she gets to the 100 months, it's a 

.51 percent rate -- it's basically a wash. How do you 

lose money on this? If this person doubles life 

expectancy plus a year, you're going to lose .67 

percent. 

This person basically lives two years past 

life expectancy, you're losing 1.6 percent. Can you all 

survive a 1.6 percent loss? Right? 

It's the negative 10s and 20s we're trying to 

avoid. We go ahead (inaudible) this policy -- and 

again, this is change in ownership form from John 

Hancock. The circled section says we took over 

ownership of it on October the 18th, 2013. 

Here's her -- here's her obituary (inaudible) 

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we generally know when someone passes away two days 

after they pass away, okay? 

Vinny. 

(Inaudible) I said, Cousin 

Come on. Anyway, there we go. (Inaudible) 

anyway, here's the check (inaudible) that check gets 

distributed to you, the investor, which is what we're 

about to do. 

So what happens is look average -- so finally, 

she died in the 33rd month of a SO-month life 

expectancy. So the rate of the return for her is 26 

percent (inaudible). 

You already know 90 percent of what you need 

to know in this investment. Here's the thing, this 

policy costs us 300,000. Who can write a $300,000 

check? Maybe you can. But do you want one of these or 

do you want 20 of these? 

Here's why nobody invests -- here's why none 

of your friends have this. Dean, it's so good. Why 

doesn't everybody (inaudible)? 

Here's why. Because you can't afford it. The 

average policy costs us about 500,000. And you want to 

have 10, correct? 

Help me. Why do you want more than one? If 

you buy one that will be the guy that (inaudible) and 

lives to 110. If we buy 10 what's a reasonable person 

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going to expect if we buy 10 policies on 10 83-yearolds. What's going to happen (inaudible)? It's going 

to average out. 

So we want 10. Well, if the average one costs 

500,000, and we want 10, we need 5 million. Who here 

has got 5 million. 

Maybe you do, but let's say you do have 5 

million. Would you put all of your money into one 

investment? No. 

So you really need 20 million. And I think 

there's a couple here that do have that. But most 

people don't have 20 million to go take the 5 million to 

put their own portfolio together. Get it? 

That's why nobody has this. But all of you 

together, we can go buy a ton of these. That's the 

beauty of what we do. 

So we have a fund. We have a fund. Now this 

is a fund. This is a real, live fund that we shut down 

six months ago, which 100 of you were in. 

We bought - - forgive me, you got to stand up, 

stand up. We have - - this fund - - we have 22 policies. 

These are the names of the individuals. The life 

expectancy is in months. The average life expectancy is 

31 months. 

What's the average cost of the policy? 

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528,000 -- see my point? Who can afford it. So we 

bought -- we paid 11 million to get 21 million in death 

benefit. 

If everybody passed away at life expectancy, 

which they won't -- but if they did, that's the green 

column -- 14.89 percent compounded rate of return. How 

does that sound? 

Here's what's awesome about this -- let me put 

this in perspective. You can buy -- this guy knows it 

more than everybody here -- if you -- you told me a 

bunch of stuff, if you could buy 100 grand of Apple 

stock and be guaranteed to buy -- (inaudible) buy 100 

grand of Apple stock, and be guaranteed that it will 

turn into 160 grand in a four-, five-, six-year period, 

who would do that? Would you put that money into it? 

Would you put some? Of course you would. 

Guess what. That opportunity doesn't exist. 

If you could buy a single family home (inaudible) for 

100 grand and could be certain you could sell it for 170 

grand in a five=, six-, seven-year period, would you do 

that? Of course you would. 

That doesn't exist either. But that is 

exactly what this is. We know what we're paying. We 

know what we're getting. 

But what don't we know? Exactly when. So my 

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job -- when you come in is not to put all your money 

into an investment that you don't know it's going to pay 

out. That's my job, okay? 

You want money today, we're going to get to 

the (inaudible) blow your hair back. How awesome that 

is. But this is an investment that you got to be able 

to forget about for 20 years. 

And some of you in this room, you know who I'm 

talking about, I already talked to you today -- like 

asking you, when is somebody going to die? 

So this is -- so this fund -- this fund shut 

down, meaning we stopped taking investors for this fund. 

Where did he go? (Inaudible) where did he go -- so 

this fund, we had 22 policies. We shut this down in 

February. 

And by the way, we have a big binder. 

Everybody gets a binder from all the policies, all the 

information, proof of ownership. Right, guys? You guys 

got those binders. 

We've had three people pass away in basically 

in the first seven, eight months. Let me show you 

(inaudible) on the first one -- okay, again, I know this 

is tough to see, but the point is the first guy -- for 

those people upfront, last name was Blanco -- can you 

see the date? What's the date? Ron, what's the date up 

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there? December 21, 2018. 

This is Protective Life sending us a piece of 

paper saying we now own this policy effective December 

21, 2918. Guess what. This guy had a 27-month life 

expectancy. 

Here's the check on July 3rd, he passed away. 

He passed away eight months into a 20-some month life 

expectancy. So we paid 1.6 for the policy. We got 

253,000 back. You see it. There's the calculator. 

It's a 107 percent compounded return with no market 

volatility 107 percent return. 

The next person who passed away -- let's go --

was last name of Newman. We bought this policy --

again, let me say this again, I don't mean to make light 

of making money when people pass away, okay? 

I mean that. I mean that. I'll now say it 

again. These people got top dollar. And most of these 

people are about to get nothing. Their policy is about 

to lapse. If it lapses, what do they get? 

MALE PARTICIPANT: Zero. 

MR. VAGNOZZI: One of these. They get 

nothing. We're giving them hundreds of thousands of 

dollars. They're happy with it. They know that when 

they pass away, you get the money. But they don't care. 

They're dead. They don't care. 

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November 3rd, we buy this policy. Here's the 

check. June 20th -- basically eight months later, we 

paid 90,000 for this policy -- 90,000 turned to 125,000. 

Here's the calculator -- 63 percent rate of return. 

How does that sound? Pretty good. 

Here's the one that we're about to pay up. 

Okay, bought this policy -- can you see this okay --

August 31, 2018. It says it -- by the way, see the 

name? There's the guy's last name Tolbert. It says 

ownership is now the AVFD (inaudible) Multi-strategy 

Investment Fund. That's us. That's proof that we own 

it, took ownership last August. 

There's the check. I forgot (inaudible) a 

million dollar payout. One -- we got a million dollars. 

There's $107 in interest payments. The point is it is 

a 100 (inaudible). 

We paid -- this individual was 95 years old, 

and the policy was costing them 13,000 a month. The 

family couldn't afford it. They were trying to hang 

onto it. They were about to get what? 

MALE PARTICIPANT: Nothing. 

MR. VAGNOZZI: Nothing. 

(End of video.) 

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MR. VAGNOZZI: We gave them 300,000. Did they 

-- are they mad at me? They're likely sending Christmas 

cards. Thank you. 

So 300,000. We paid 13,000 long for the next 

using your money. Paid that premium. Again, up to 

100 percent return. This (inaudible) were added 90 

percent compounded (inaudible). 

Now, listen, this -- it's not going to stay 

that high. As people live longer, we will get to --

that rate of return obviously is going to go way down. 

But with these three early maturities, we're 

almost guaranteed to be in double digits for this month. 

If you get one fund and make 100 percent return, and 

another you make negative 10, what's your average? 

Forty-five percent -- is 45 percent good? 

Okay, that is (inaudible). And they're happy 

to talk about it. Well, let's hand out a million bucks, 

how is that? 

What I'm going to do -- so I'm want to get a 

picture with everybody in the corner. If you want to 

bring your spouses up -- I'm not going to read off 

let me just round off some numbers. 

So we've got -- in this stack, we've got 

$37,000 checks, $18,000 checks, 12,000, 16,000 

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12,000; 12,000; 13,000; 16,00; 22,000. You get the 

idea? How cool is that? 

So I made the mistake a couple years ago. I 

was (inaudible) so look come on over, hear your name, 

and I want to get a picture of you. If you want to 

bring your spouse, the more, the merrier. 

This check (inaudible) it's an envelope, then 

you can cash this check. If it's in a -- it's a 

photocopy, then that means you use your IRA (inaudible) 

use IRA money. 

All this everything we do, you can use your 

IRA to invest. So we use a self-directed IRA 

(inaudible) no penalties. 

It goes -- this check is being mailed to 

people already into their IRA account. It's already 

sitting there, but we want you to see the photocopy. 

How is that? 

Who we got here first? (Inaudible) nobody can 

ask me more questions than this guy did (inaudible) the 

money. Here take this. Here we're all ready. Come on 

over here (inaudible) sorry, too much information there. 

Fred (inaudible) -- Fred, come on up 

(inaudible) --

(End of video.) 

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MR. VAGNOZZI: (Inaudible) I apologize. 

Joseph Cabrioni, okay. Bruce and Jen Carter (inaudible) 

come up here. Bruce and Jen Carter. 

Take this. We got one or two. You have one. 

You have one. Is that good? What are you looking at? 

Like, you don't believe it? 

MALE PARTICIPANT: (Inaudible. ) 

MR. VAGNOZZI: It's there. It's real 

(inaudible). Linda DeMartino. Lisa Ducks. Neil 

Fisher. Robin Fisher. Richard Fiorino. Where is he 

at? I haven't seen Richard. Ricard Fiorino? 

MALE PARTICIPANT: I'll take his. 

MR. VAGNOZZI: You got to be present to win. 

I'm giving this to Richard. John Gallagher. Joseph 

Gaspe. Okay, this is one of those --

MALE PARTICIPANT: I asked more questions that 

he did. 

MR. VAGNOZZI: Yes, you did. Ann -- what is 

it -- Garrett? Did I pronounce that wrong? 

FEMALE PARTICIPANT: (Inaudible. ) 

MR. VAGNOZZI: Okay, I'm sorry. 

FEMALE PARTICIPANT: That's okay. 

MR. VAGNOZZI: I'm Vagnozzi. You know 

how many people called me Vagnozzi my whole life. Let's 

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see. Robert Glenn. Dennis Brody. Where is he at? 

Where's Dennis (inaudible)? 

Tom Mccann (inaudible) Joseph Major. By the 

way Joseph -- Joe has done a testimonial for me on 

the radio (inaudible) you guys have heard his voice. 

Jateen -- where's Jateen? Nina -- Jateen 

(inaudible). Karen Myers. Bob Palmer. Here you go. 

Bob Palmer has two. Don Reed. David Ritter. Kevin 

Roller. Dave Scobin is my boy from KYW News Radio. 

There you go, Dave. KYW -- (inaudible). Three things 

to know. 

Eric Soaring. Eric. Al Tucker. Oh, and our 

own Shannon Westhead is an investor. Where is she at? 

Dennis, are you becoming a believer or what, brother? 

Mark Griffin. That's that's everybody. All right, 

let's get a picture. Let's all scrunch in. Come on, 

(inaudible). I get a check too. 

You know how many people (inaudible) you know 

how many people are (inaudible) I want to be in your 

next check (inaudible). Did I miss anybody? 

(Inaudible) we'll get you a check. We have the check --

Michelle, we have one person who said they need a check. 

Yeah, she's getting a check. Come on (inaudible). 

It's all good. 

(Conversation inaudible.) 

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MR. VAGNOZZI: Now hold your checks up. Hold 

them up. That's it. That's it. Good. All right. 

Let's go. Thank you, everybody. 

Jason. Okay, you get it? All right, let's 

keep going. All right. By the way, (inaudible) --

(Conversation inaudible.) 

MR. VAGNOZZI: I just want to show one more 

thing. Excuse me. Stay with me here (inaudible). 

So for those of you who have -- maybe have a 

little bit of like, (inaudible) I don't know -- are we 

taking advantage of elderly people? 

This is a real-life email. I want to show you 

this. This is from an email that a client of mine about 

six years ago -- I got a phone call from a friend of a 

friend who lived in Houston, Texas. 

I want to make sure everyone is here. And the 

gentleman has a life insurance policy on his father. 

was $100,000. It was about to lapse. It was about to 

hit nothing. Their dad was 91 years old. It could 

it was costing $800 a month. 

It 

He said, Dean, I hear you buy policies. Long 

story short I gave him 22,000 for the policy. They were 

about to get nothing, and I took over the 800 a month 

payment. I did this personally (inaudible) it was like 

the time I didn't have a fund over it. I bought it 

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myself. 

Bottom line is this individual passed away 

about four years later (inaudible) the exact date. On 

May 25th of last year, I got an email from the son, 

basically saying, Dean, my father passed away at 6:40 

this morning. Note the time he sent the email to me. 

What time did he send the email? 8:40 -- two hours 

after his father passed away, he's emailing me to tell 

me his father passed away. Are you guys connecting the 

dots? 

Is this guy (inaudible)? I did this guy a 

favor. He didn't need to tell me. As a courtesy, he's 

like -- (inaudible). This is a win for him. I put in 

like, 35,000 -- bottom line I made about 40,000 on this 

over like, three or four years. 

Okay, I want to show you -- so now I want to 

transition to the merchant cash, okay? I want to show 

this video. Who has heard of Dan Cain who has heard 

the Dan Cain commercial on the radio. I want you to 

meet Dan Cain. 

So this gentleman came to my office a couple 

weeks ago. This was actually about two months ago. He 

reinvested the money. It speaks for itself. 

(Video plays.) 

MR. VAGNOZZI: All right, that's it. So I'm 

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going to get into merchant cash. I've done this -- some 

of you have done this before (inaudible). 

So show hands -- show hands who has money --

get your cameras ready -- who has money in the merchant 

cash investment? Show hands. Okay, (inaudible) please 

if you can just stand up. 

If you've got money in merchant cash, stand 

up. All the non-investors look at this. How many of 

you -- who here -- raise your hand, who here is getting 

double-digit returns on their money? 

Who here is getting a check every single 

month, right? Who loves this investment? Has any 

payment ever been late? 

FEMALE PARTICIPANT: No. 

MR. VAGNOZZI: Okay, this is merchant cash, 

and we are knocking it out of the park, and you're going 

to meet the people we've worked with to put this 

together. 

How many people, by the way, have reinvested 

and got all five -- you got all your money back 

(inaudible) one year, right? And who has reinvested? 

Who has upped the investment, okay? 

Thank you. You can sit down. Thank you. I 

didn't give you anything for the new people here -- if 

that's not going to tell you, I don't -- I give up, 

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okay? 

Let's talk about merchant cash. Okay, so 

(inaudible) -- so I'm going to show you a six-minute 

video. This video will give you an overview of the 

investment, and then, of course, we'll get up to --

we've (inaudible) talk about it. 

Again, for those of you who are investors 

already, (inaudible) you know this inside and out, but 

this is for the people who just come here for the first 

time (inaudible). 

(Video plays. ) 

(End of video.) 

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Video File: MOVI0011.mp4 

(Video plays.) 

MR. VAGNOZZI: To arrange for a mutually 

agreed time to meet, just call me up. 

Okay, that's merchant cash. Who has heard of 

the industry before? Of course you have, you're an 

investor. Who heard of the industry before? 

Who is a small business owner? Okay, if 

you're a small business owner, you have heard of this 

industry, correct? 

Most people here are not small business 

owners. These companies do not call on individuals. 

They are calling on small business owners that need 

capital to -- again, expand their business. 

Does anybody -- I have more money (inaudible) 

than I've ever had, and about 16 months ago, it took me 

four months to get approved for a line of credit -- a 

bigger line of credit on my -- my business. 

Like, who has got four months? These guys 

give you the money in two days (inaudible) steal their 

thunder, I like to talk about the business a little bit. 

This industry -- if you don't know it, it is 

huge. It is huge, and there's a ton of players in this, 

okay? (Inaudible) if you don't own a small business, 

you may have never even heard of it because they don't 

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solicit. They don't call the small businesses 

individually. They call -- they call business owners. 

So since fall of 2016, by the way, I'll give 

you a quick story, the guys -- the owners that you'll 

meet, they're members at the club that I belong to. And 

I'm golfing with these guys a couple years ago. I'm 

like, the peon in the club. 

Jeffrey Laurie is a member of the golf course 

I belong to. I just say that to kind of -- and I like -

- I don't know I like trying to (inaudible) -- I'm 

golfing -- I'm golfing with a couple of these owners a 

few years ago, and we're golfing like, the fourth or 

fifth whole, and I'm talking to this guy Joe -- and I'm 

like, what do you do? Here's my commercials. I'm 

telling him about Life Settlements. 

I'm like, what do you do? He's like, oh, you 

know, we lend out money and lohg story, we loan it out 

at like, 35 percent. 

Who the heck borrows money at 35 percent? 

He's like, everybody. And that's the biggest 

thing that people can't get their hands around, that who 

borrows money at 35 percent. If you're a roofer --

(inaudible) never finance your car at 35 percent. You 

would never finance your house at 35 percent. 

But if I'm a roofer and I'm (inaudible) and I 

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got a crew of three or four people and a hurricane comes 

through, and I got a chance to fix 30 roofs, but I need 

30 grand in material to get going, do I have three 

months to wait for the bank to get me my 30 grand? 

I'll gladly get the money from these guys. 

I'll borrow the 30 grand. I'll pay back 37,000 in three 

months, but I'm going to go make 100. 

Get it? That is merchant cash, okay? We've 

taken over 500 clients. Obviously many of you here, 

over 110 million has come in. Everybody gets between 10 

and 14 percent. The more money you put in, the more you 

get. 

Check -- your interest comes every single 

month on the same day every single month -- 100 percent 

of your principal comes back in one year. Nobody has 

missed a payment. Nobody, okay? 

At the end of the year, you can -- by the way, 

you can do a two-year note or a three-year note. Most 

new investors come in for one year, but the people who 

have repeated year after year sign up for the two and 

three-year commitment because they want to lock in that 

rate, okay? 

You invest up to 250,000, it's a 10 percent 

return, okay? 251,000 to 500,000 -- it's a 12 percent 

return. 

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Again, check every single month -- 100 percent 

of your money comes back on your -- what would you 

rather do buy an annuity from the other guy and get 2.5 

percent return, your money is locked up for 12 years? 

Or a one-year return of 12 percent -- 10 

percent, 12 percent, your money comes back in one year -

- check (inaudible). 

Five hundred grand or more -- which we have a 

zillion of you here that have that -- you start out at 

50, you start out at 100, you start out at 150 -- but 

everybody puts more once they see that this works. 

The contrast between this and Life Settlements 

(inaudible). Life Settlements is backed by death. But 

you need to be patient for Life Settlements. 

This -- two months into this, you're like, 

okay, I like this. Check every month (inaudible) ever 

month. Right? (Inaudible) guys all see it. 

I don't need -- I don't -- I mean, I'm 

working. I don't need it. I have a very large amount 

of money in this. I never get sick of seeing the money 

coming in. 

It's like, my dad -- the best endorsement is 

my father is a retired police officer, 78-year-old guy 

in Naples, Florida. Half his net worth is in this, and 

this pays his bills every month. 

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He takes my mom out to dinner, like, X amount 

of (inaudible) he knows how many rounds of golf he can 

play because of the check he receives from this. 

I'm not letting my dad expose to anything 

that's going put him in too much risk, okay, so it's the 

best referral I can give you. 

Perry -- where's Perry -- come on, Perry. 

Perry (inaudible) 

PERRY: He calls me up here because he's on 

fire tonight. 

This is like Dean Martin and Jerry Lewis. But 

the real purpose of me being present with this gentleman 

is first and foremost to thank all of my friends, and 

there are many in here looking back three years ago that 

entrusted hard-earned money with confidence and now 

loyalty to this man and ultimately myself and my 

esteemed partners who you will meet shortly. 

Show of hands in this room for the benefit of 

the newcomers, who has seen the movie ttThe Patriottt? 

It's on TBS like, every week. 

For the newcomers because everyone here that's 

known this guy for more than five minutes can attest, 

that you're in company this evening, folks, with the 

true Patriot within the financial industry. 

The movie evolves around Mel Gibson who leads 

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the colonies in what is perceived to be unconventional 

warfare against the British. We didn't do things that 

were proper or in a manual or were taught in military 

schools in Great Britain. 

He resorted to intuition, passion, fear, and 

all of the above. That's who you're dealing with, 

folks. 

He's fighting every day to bring you 

provocative ideas that you're not going to get anywhere 

else. 

And rather than me saying it, for those that 

have been in the room and have dealt with this gentleman 

for five years, am I saying the truth? 

MALE PARTICIPANT: Yes. 

PERRY: All right a little louder. Come on. 

Three years ago, you folks under his leadership in 

talking with my partner on that golf course -- gave me 

an opportunity to meet with all of you in a room. 

And going back to that movie, if you've 

watched it, the -- the best line in the movie that Mel 

Gibson instructs his child -- his young boy -- is to aim 

small, miss small. 

Remember that line? Very appropriate for 

life. 

It's most appropriate for the newcomers as you 

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proceed to meet with Dean and his staff in the ensuing 

weeks before the holiday. 

They'll take you through our model. And there 

is, in fairness, a few moving parts. 

Focus on one or two. Aim small, miss small. 

And the net of the whole sale then and now -- the 10 to 

14 percent is very enticing, but it's only enticing if 

you leave the meeting with him, his staff, or perhaps 

myself, and you're convinced that our company does a 

proficient job of taking your money and availing it to 

small businesses that we foster growth to. 

Make sense? Because if we're not doing a 

proper job of selecting the right businesses through the 

best underwriting in the industry and this is what I 

welcome you to visit our office down in Fall City --

many of you have been there. 

We'll take you through and show you the 

rigorous operational standards that have evolved six 

years, almost seven in the making, and continue to be 

imposed today, more vigilantly than any time in the 

history of the company. 

Our industry averages about 18.5 percent 

default, meaning the money that is given to a small 

business practitioner -- and they make a commitment to 

pay it back, 18.5 times on average, they don't live up 

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to their commitment. 

If enough of them don't meet the daily 

commitment, at some point, that could impede our ability 

to pay Dean's fund to ultimately pay you. 

You're going to hear from the president of our 

company in a few moments, the gentleman that does the 

best job in multi-faceted businesses of exuding 

operational excellence. 

Seven years in the making, folks. And the 

reason why man of you continue upon the expiration of 

your notes with Dean to have -- our default rate is less 

than 1 percent. It was actually higher when I met many 

of you three years ago. 

So things are only getting better. Focus on 

that because that's most important to you. 

I'm breaking it down to the simplest common 

denominator. There are many attributes of why you 

should invest with our company. But aim small, miss 

small. 

And most importantly, on behalf of our company 

and a partner that I'm proud to work with each and every 

day who has done a great job as a true patriot and a 

happy Thanksgiving. 

And we couldn't have accomplished growth that 

started three years ago in 32 million with you, with 

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your support, we're going to cross 450 million this 

year. 

(End of video.) 

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Video File: MOVI0012.mp4 

PERRY: We owe it to you. Thank you all. 

Thanks again. 

MR. VAGNOZZI: So again, I want to -- I want 

to make another point. Perry, of all these individuals, 

as much as we love working with them, like, you can't 

have them marching into your office. That's the benefit 

of the fund. 

PERRY: Absolutely. 

MR. VAGNOZZI: Again, we -- we write checks to 

them every two weeks for 3 to 10 million. So it's 

easier -- see the benefit to them? The benefit is this 

is a -- they don't have the -- in fact, the office to 

support so many investment (inaudible) -- but for them, 

they just deal with us. We deal with it. It's that 

simple, okay. 

I want to introduce Joe LaForte. Come on up, 

Joe. I've known Joe -- again, because Joe has been 

met him on the golf course, I referenced a few minutes 

ago. 

I cannot tell you that -- you want to go down 

to their offices, they're not in some skyscraper in 

downtown Philly. 

They are in a very modest office on Third 

Street -- Third and Market. How many employees 

I 

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downtown? 

MR. LAFORTE: Seventy-five. 

MR. VAGNOZZI: Seventy-five. You want to go 

down at eight o'clock at night, or 8:00 in the morning, 

they are working their butt off, right? 

This is the hardest working I'm not just 

saying this because here's here. I'm trying to grow my 

business the way he grows his business 

compliment I can give him. 

greatest 

Your money -- if whatever you measure with 

work ethic, him and his staff have the hardest work 

ethic that I've ever seen come (inaudible). 

MR. LAFORTE: So as you can imagine, it's 

probably going to be hard for me to match Perry's 

opening speech. But -- or Dean's for that matter, but 

I'll try to do -- I'll try to be brief and let you guys 

go. 

I'm really moved by --

(End of video.) 

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MR. LAFORTE: realize that each and every 

one of you have a big chunk of money in our company. 

And that really drives us. 

So every day when we go in the office, we 

understand that there's real lives behind these 

investments, including our own. 

As far as the company goes, that's been our 

corporate culture since day one. We really feel 

strongly about the fact that people are trusting us. 

You're putting your trust in our company. And that's 

meant a lot to me since day one. 

When I met Dean on the golf course, he 

again, about the 35 percent -- you know, we made sure 

that we had a controlled growth. And people know we had 

such success over the years, it's been -- it's been a 

big grind to make sure that your capital is safe. 

We've put things in place which I'll show you 

again today that has helped us outdo the competition 

from some of the people that Dean (inaudible) PayPal and 

OnDeck and some of those other guys. 

And you guys have allowed us the ability 

(inaudible) to be better than that, meaning that a lot 

of those companies don't truly understand small 

businesses. 

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They're algorithmic lenders who have no feel 

the same way I'm sitting here talking to you guys, or 

Dean has spoken to you guys, or Perry has spoken to you 

guys in the offices. They don't have a strong feel for 

the small business in America. 

And I think they're failing in the sense that 

they're not customizing transactions for their clients. 

Our success has been being able to innovate 

and create products without covenants and restrictions 

on our capital. And you guys have helped us do that. 

Most institutions -- as Dean pointed out -- we 

have good institutions to get capital. We could have 

done it. We could have done it several times. We could 

do it tomorrow. 

We choose not to. We choose to work with you 

because you understand the fact that we can do what we 

need to do, and Dean could come to us, and we could talk 

about corporate policy in a way that's outside the scope 

of what Dean talks about -- outside of Wall Street, 

outside of different types of investments. 

All right, most companies have a box. We 

don't have a box. If we see something we like, we're 

going to get involved in it. 

If we like (inaudible) and credit programs, 

we're going to get involved in it. If we like 

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consolidation programs, we're going to do it. 

If we don't buy trucking, or we don't like 

certain issues, we're going to stay away from it. So 

we're constantly moving and shaping to help grow the 

profits. 

And just to brag a little about the company, 

we're probably the most profitable cash advance company 

in the United States -- or maybe the world for that 

matter, pound for pound. 

OnDeck Capital -- if you guys looked at their 

last quarter, they're $8.7 million in revenue. Our 

revenue last quarter was over $50 million. That's 

pretty good. 

MR. VAGNOZZI: Hello. 

MR. LAFORTE: And again, I'm real thankful to 

you guys to allow me to work for you. I work for you 

guys. Every day when I go to work at my company, the 

people that work for me, we work for you because you've 

given us the opportunity to be nimble to change and 

transcend the business to where it is now, our business. 

And I welcome all of you to come to the 

office. I know Dean has mentioned (inaudible). 

MR. VAGNOZZI: Open invitation. Any of you 

can come down. For those, again, who have not invested 

yet, I have like -- I have more parking tickets from 

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Philadelphia from outside of (inaudible) offices. I 

can't figure out the parking signs. You know, which 

the arrow is pointing. 

But the old city of Philadelphia is simple to 

get to -- right down by the Liberty Bell. And it's not 

a fancy office, but they are just grinding down there. 

And my money -- my money I want to put it on 

the backs of riders and guys and gals who get up in the 

morning and go to work. 

And they are there -- every time I go there, 

I'm like, Joe, do you let them go home (inaudible)? 

MR. LAFORTE: Yeah. Well, they're well 

incentivized, and they know you're here, okay? I preach 

that to them all the time the fact that you guys are our 

clients. I work for you. 

My job to our merchants, of course, is to put 

together strong deals for them so that they pay, right? 

So how do you -- how do you know what a merchant is 

going to need or want unless you have a hands-on 

approach to the advance? 

Elon Musk and you know, all the rest of 

these guys, they're not on the phone with these guys. 

I'm on -- I'm on the phone with these guys all day. 

And we're able to scale the business in that 

respect. So I'm really proud of the stuff that you've 

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done, and I'm moved by you guys and how many people are 

here today and how many guys have trusted in us. 

And, you know, I can only give you my word 

that I'll be in there every day thinking about each and 

every one of you guys and the commitment that you've 

made to my company. And I can't thank you guys enough 

for that (inaudible) 

Yeah, Joe -- Joe, our CFO, is going to come up 

and talk a little bit about broad numbers and so I can 

give you guys a little bit of the calendar where we're 

at now. 

So I started the company eight years ago with 

$500,000 of my own capital. I wanted to see if it was -

- what it was like, (inaudible) I wanted to see, you 

know, how the business would shake out and then started 

it up with $500,000. And here we are $434 million in 

account receivable right now (inaudible) $603 million. 

Obviously, people -- Dean explained 

(inaudible) as you know, people pay back on a daily 

basis. And we're able to re-put that capital out to the 

street, which makes our number (inaudible) $603 million. 

Dealing count is about 3,500 clients right 

now. So think about 3,500 clients -- managing 3,500 

clients on a daily basis. 

That's why (inaudible) by the way. 2019, 

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average term (inaudible) -- if we gave somebody $10,000, 

they got to pay us back $13,300 over 111 business days. 

MR. VAGNOZZI: I want to put that in 

perspective, right? So would you bring everybody 

watches "Shark Tank"? Everybody -- it's addictive, 

right? 

who 

Think about this. You know how many people 

want to get on "Shark Tank"? Everybody wants to get on 

"Shark Tank". Everybody wants to get their business, 

have Kevin O'Leary invest in their business. 

And they're waiting in line to give up 50 

percent of their company to Kevin O'Leary so he gives 

them a (inaudible). 

These guys are charging high interest rate, 

but in 90 days, they're out. What would you rather do? 

Give up 50 percent of your company? They're going to 

give them -- they're going to give them money. They're 

going to give it quickly. They're not just handing it 

over to them. They've got obviously underwriters. 

You looking in that -- you're looking in that 

perspective, it's a deal opener. 

MR. LAFORTE: Yeah, just to add to what Dean is 

saying (inaudible) we're purchasing future receivables 

at a discounted price. So if somebody had a (inaudible) 

receivables that they were waiting, to Dean's point 

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earlier, 45 business days, they want to sell some of 

those -- those receivables to get liquid to do other 

deals, so it's losses. 

Opportunity (inaudible) to them, which will 

supersede the amount of money that we make, and building 

a (inaudible) partnership with a company like ours is 

much better than giving away the stock. 

The speed in which we could produce the 

capital has been key. Dean mentioned 24 hours, and we 

got that down to about six hours. We could fund the 

deal with about five, six hours (inaudible) sure, sure, 

some of these small business owners I've seen, it might 

take months. 

That's really our (inaudible) Joe Cole is the 

CFO of accounting. 

MR. COLE: Hey, guys. I've seen a few of you 

in the office, and always fun to see you again. 

I'm here to talk about the numbers. And as 

Joe iterated, this is built on the backbone of your 

investments with our company. 

Our success story rides on the fact that you 

guys put in capital to our business, and we've been able 

to leverage that and grow it the way we have. 

So what we have here is just the last 12-month 

look-back from Q4 2018, to the last completed quarter Q3 

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If you look, the main thing to demonstrate on 

is the consistency you grow with our (inaudible). We 

started with about $300 million at the beginning of Q4 

last year. We're at 417 -- today we're at 434. Our 

year-end projection (inaudible) we're going to be about 

$450 million in assets with the consistency of our 

business. 

Our revenue (inaudible) we're projecting $170 

million of gross revenue this year, and that's a big, 

big increase. 

When we started first started the team, we 

were about a third of that, and again this is on the 

backbone of your investments with our company. 

We're continuing to grow the health of the 

business is increasing. We're able to fund more deals. 

I want to talk about our audit. We're 

obviously getting more mature. We're having our 

financial auditors (inaudible) now we're in 2018 

financials in Ql. 

I know a lot of you guys want to see some 

numbers on this business. Obviously, we have a thirdparty accounting firm validate the results. 

Subsequently, they will get into 2019 right after them, 

so we'll feel very strong about our position and our 

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financial health in the business. 

But for those that need to see that, that's 

what we'll have on the menu beginning of the year. And 

this is just -- you know, the (inaudible) from 2016. 

This paints a wider picture. 

And again, the beginning of our relationship 

around 2016, which is $100 million company (inaudible) 

in Philadelphia. We needed to leverage capital. We 

needed to get creditors in here, start putting money in 

the business, so we can take it out, have it run on the 

engine that Joe has built with his origination platform 

and continue to have more deals to our portfolio. 

That's really our secret sauce. 

And to segue into it, we are looking into that 

same secret sauce into a new transaction. We have an 

application out for a purchase of a bank in Dallas. 

We're looking to take that sort of hard work 

origination methodology and then use it into a 

traditional banking model. 

Now this isn't MCA -- this is stuff that --

you know, what you'd wait normally two or three months 

for the bank, we're looking to start doing that in a 

matter of weeks. 

We think we can cut down the process for 

traditional SBA deals, commercial loans, business credit 

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cards, all those traditional finance products that we're 

looking to increase that -- the amount (inaudible) in a 

short period of time. 

So our methodology, we're looking to carry 

over to a $100 million bank in Dallas. This is a really 

tiny baby bank that's only has 

MR. LAFORTE: It's not new. It's been around 

since '95. 

MR. COLE: It's been around. And the reason 

we decided to buy this bank is we only have a 10 percent 

or a 10 basis point (inaudible) .1. So we feel that 

this bank was the perfect price for us. It's only $28 

million to purchase. But we can leverage and we can 

grow this over the next three years to a greater amount. 

So the big opportunity here is -- and we'll talk about 

what I mean by two and a half points (inaudible) return 

over 36 months. 

Right now the bank is only producing $1.2 

million a year. Leverage that times 15, and you're 

talking about an $18 million bank. 

Based on our very conservative proforma that 

we submitted to regulators in purchasing this bank, 

we're looking to generate a net income of -- (inaudible) 

income of $4 million in three years. 

So if you multiply that times four, we're 

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looking at a $16 million valuation. That's a very 

conservative -- that's I think what we would do minimum. 

I think realistically we're going to be 

shooting, you know, $5 million, $6 million annually out 

at that point in time. So the opportunity that we're 

working with Dean on this, this is the third thing we're 

talking about today. 

It's an opportunity to invest over a threeyear period to lock in your capital, and have a healthy 

rate of return available after that 36 period. 

That's at least going to give the reaction 

we think that's (inaudible) for this investment. And by 

the time we're done building out the infrastructure, 

getting to the same high standards that we do for our 

MCA business in Philadelphia, we'll be able to grow this 

into a much more mature bank. 

MR. VAGNOZZI: Joe, talk about the -- so --

talk about the -- the synergy. I want to make sure 

everybody hears clearly the opportunity. 

The merchant cash -- CBSG has 4,000 merchants 

give or take, right? They got 4,000 merchants that 

are all need bank (inaudible), right? That's the 

talk about the synergy between buying into a nationally 

chartered bank, right, then how you can basically cross 

pollinate your 4,000 merchants that you guys have 

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massive profits with, to be able to introduce them to 

bank products and take this bank with, what, 2, 3, 4 

percent margins -- you got 4,000 merchants that are 

paying 35 percent on their money. 

MR. COLE: And it's not just the merchants. I 

mean, internally, we're getting another -- over $500,000 

a year in banking. We'd rather pay that to ourselves 

than TD Bank, right? 

So we're working with our bank partnership. 

There's a lot of synergies that's going to work with our 

current business. All the (inaudible) we use. All the 

ACUs processing fees. You know, all these -- the 

capital that's sitting in the bank, we'll be able to 

leverage that at a 20X leverage because there's just 

money that's sitting in the bank. 

We'll be able to send that out to commercial 

lending deals. So along with getting our guys into 

different products and also being able to do their 

banking, this is going to present a really strong growth 

opportunity for this bank in Dallas. 

And to talk more about the (inaudible) I want 

to -- you know, obviously, introduce our other partner, 

Bill Bromley. He's been with us for a few years. We 

have (inaudible) portfolio. 

And I'll let Bill speak for himself, but he is 

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MR. BROMLEY: Thanks, Joe. Thanks a lot. So, 

yeah, I'm a local banker. I grew up here in Paoli. I 

want to school here, went to graduate school downtown. 

But I've been a banker for 30 years. I've run 

banks for 30 years, and I started a bank back in --

about 1990, called Firth Sterling and pulled up five 

times (inaudible) for Bank of America. 

(End of video.) 

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Video File: MOVI0014.mp4 

MR. BROMLEY: And we bought another bank 

called Equal National. It was in trouble. We fixed it, 

and it was sold in 2014. 

If you were to say to me, well, let's get 

another bank, let's do it again, I would never, ever do 

it. 

Until I met these guys, and that's what's 

really important about this. Small banks struggle, and 

they're going to continue to struggle when they're going 

up against the JPMorganChases in New York, Goldman Sachs 

or whatever. 

But they don't do -- and you just heard this 

story about how this merchant cash advance company has 

been built, they don't do it the way these guys do it. 

I've been I've done this. I know the 

regulators well. I know the banking side. We have 

acquired, and we've at least signed an agreement. We 

have put it in with the regulators. We expect that 

we'll probably have approval of the transaction by 

December. 

But the most important thing is that we 

together -- as a partnership -- are taking the same 

concepts that you have lived with, as you've invested 

with these guys, watched the profits grow dramatically. 

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And we're going to apply it to a bank. 

This is a national bank. It's got all the 

right stuff. I can, you know, vouch for that. So when 

they talk about, you know, increasing the profits of the 

bank, this is totally different than your monthly check 

that you -- that you like to get, and I'd like to get 

too because I'm from the same deal with these guys. 

This is about the appreciation of your 

investment. So we talk about the bank making $.12 

million -- it's a relative modest return. In banking, 

it's pretty good. 

The bank is clean. It doesn't have any 

problems. It doesn't have any delinquencies, et cetera. 

But our ability to move that from 1.2 million to 2 

million to 3 million to 4 million means that we're 

talking about a bank that today might be valued at 

roughly $18 million and turning it into something that 

will probably in a short period of I think we're 

talking here, three years -- might be worth somewhere 

between $70 million and $80 million. 

We're all in it for the long haul. We talked 

of how Dean and his funds come in. Have you guys have a 

chance to come in with us. 

But we see this is as a long-term play that 

could multiply many, many more times than the 2, 3, 4 

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we're talking about. That's it in a nutshell. 

Yeah. 

FEMALE PARTICIPANT: (Inaudible.) 

MR. VAGNOZZI: Great question. So she's 

asking -- how about this -- you guys are closing on the 

bank when? 

MR. BROMLEY: We'll probably have to close 

before the end of December. 

MR. VAGNOZZI: We had a private placement. We 

have a fund all ready to go. And I'm not going to --

I'm not going to get into the granular details right 

now. 

The point is your money will come full fund, 

okay? We're not going to write individuals -- they 

can't have 87 individual investors. You're going to 

come into a fund. The fund will write one check for 

these guys. 

So you need to -- you're looking to close the 

bank when? 

MR. BROMLEY: By December 31st. 

MR. VAGNOZZI: Yeah, so we are so everybody 

is going to get a form here in a minute. And on the 

form is a bank question. 

And again, you'll see here (inaudible) a few 

weeks ago. Okay? There was about 25, 30 -- like, just 

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about everybody there. She was like, you know, the 

feedback was fantastic. 

These guys listen -- they're in a big group 

of people -- there's a big group of people. They're 

being very conservative (inaudible) the opportunity at 

the margins that they can take into this bank are -- the 

opportunity is tremendous (inaudible). 

Listen, I'm in this because of the work ethic 

of these guys. I want to just ride their coattails, 

okay? 

So the fund -- if you have interest in this 

bank, (inaudible) we think the minimum is going to be 

100 grand, okay? You need to be able to forget this 

money for three years. They're going to have auditing 

statements. It's required -- by the way -- by the way, 

how squeaky clean do you have to be to buy a bank? 

Right? Just from -- just from you as a 

merchant past investor, doesn't that feel good that 

they're going to be acquiring National Charter Bank? 

Right? For the skeptics. 

So my point is this is -- we have a 

(inaudible) company that's been around, that's -- money 

is falling out of their pocket as far as progress, which 

is good for you. It's going to acquire this bank, and 

they're going to take the margins through the roof. 

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If you want to be a part of this, you need to 

check the box, let us know, and we were we are going 

to get to you like, immediately because we will have 

multiple meetings over the next couple weeks to get you 

in, to start -- to answer all your questions and to get 

money transferred. 

For the rest of you, again, not interested, 

that's fine. But for those of you who have been with us 

for a few years, know this investment works, this is not 

the one you think about forever. If you -- come in and 

answer all your questions --

MALE PARTICIPANT: Let me interrupt -- let me 

interrupt. One second. 

MR. VAGNOZZI: Yeah. 

MR. BROMLEY: You're sitting here saying to 

yourself why us. Frankly, three months ago, I have 

plenty of connectivity on the Main Line. Bank deals are 

the hardest to get involved with politically from an 

investment perspective. 

Joe LaForte came to me before I was calling 

people from the Haverford School (inaudible) and said, 

uh-huh, we're going to start with the people that gave 

us the fuel to grow the companies. 

That's why you're getting an opportunity and 

I'm getting an opportunity. So please understand 

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there's a common theme here. 

We appreciate you. That's why time is of the 

essence. And that is why (inaudible) --

MR. VAGNOZZI: Yeah, so (inaudible) -- and the 

reason why we're so -- we really have the idea is that 

we needed to get involved in the bank -- I mean, if you 

go to any big city, look on top of the buildings, what 

do you see? Banks. 

Go to all these meetings -- who do you see? 

Banks. The multiples on these banks are 15 to 20 times. 

I know we can make bigger profits in this bank that was 

built in 1938 that has an antiquated computer system, 

and a bunch of people that go home at two o'clock in the 

afternoon every night. It's a perfect fit for us. 

So the second -- the second thing is the 

opportunity -- like Perry said -- is for you guys 

because of the fact that we can only do 30 percent 

actually 25, right? 

We're in for 25 percent of the bank. Okay, so 

we're not -- the only reason why we're not taking all of 

the bank is obviously to be frank -- I don't know 

(inaudible). I don't (inaudible) because it's going to 

be that profitable. 

But this is an incredible opportunity. By the 

rules and standards, we can only -- after 2008, after 

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the crisis, they want to make sure that they have a pool 

of people involved in the bank. 

So we only -- we're only allowed to be 25 

percent. So to Perry's point, we came to you to give 

you the opportunity. 

They have access to the money (inaudible). We 

don't have all day. 

MALE PARTICIPANT: (Inaudible) the two 

businesses --

MR. VAGNOZZI: No. 

MR. BROMLEY: No, the two businesses will 

remain totally separate. They're regulated differently. 

MALE PARTICIPANT: I ask (inaudible) so we can 

get back (inaudible) in part of the fund or individual 

shares? 

MR. VAGNOZZI: No, again, you're going to 

invest in a fund. 

MR. BROMLEY: You'll invest in a fund, but the 

fund will own the shares. And the benefit of that is --

MALE PARTICIPANT: (Inaudible.) 

MR. VAGNOZZI: Oh, great question. Great 

question. Hold up. Let's go back to the Life 

Settlements. Everybody is in a fund. So back to the 

Life Settlements, if you want to get out -- if anybody 

wants to get out of Life Settlements, who would want to 

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buy somebody out two years into a Life Settlement? The 

guy is two years to death. 

My point is these guys are going to have a 

liquidation event 

(End of video.) 

* * * * * 

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,,., c;_ /, ,_, 

' 

* 

TRANSCRIBER'S CERTIFICATE 

I, Michael McCormick, hereby certify that the foregoing 

transcripc is a complete, true and accurate 

transcriptio~ of all matters contained en the recorded 

United Fidelis Group video files showing the November 

21, 2019 Solicitation Event. 

6-22-2020 

77 

Case 9:20-cv-81205-RAR Document 41-7 Entered on FLSD Docket 07/28/2020 Page 80 of 83
• 

Reehl Investigations L.L.C 

P.O. Box 1004 fv1arlton, NI D8Cl'-i3 (609) 744-6102 

ed@reehlinvestigationsa ndsecurity .com 

www. reehl investigationsa ndsecurity .com 

Shane Hesk n 

White& vv'iliia n,s 

1550 l\1arket Street 

On No\.·ember 

Februarv 7, 2020 

2019 tro,n 5 3GPM-9:3QPr1;1 !nvestigotor Ed Horner o1 Reehi 

lnvest1garions attended a sem1nar for "A E,,:.trer ~1nanc1c>i i:·lcin··. The serninar contained 

inforrnat1on on. 

''Merchant Cash Advance' 

''Commercial Rea! Estate'' 

"Litigc'lt1on F,1r.ding' 

"Life Settlerr1erits" 

The device used for 1eccndi11g thEc event wa~ a' Ar1v:.,1...n AS820 Night Vision Camera" 

designed to look like the lcitest kev fcb. 1rie device was given to "White&Williams" fer sound 

and video and returr:ed to ,nvest;gator. 

EXHIBIT 

B 

Case 9:20-cv-81205-RAR Document 41-7 Entered on FLSD Docket 07/28/2020 Page 81 of 83
~·" A BETTER FINANCIAL PLAN Increased Returns • Decreased Risk 

• Interest paid monthly 

MERCHANT CASH ADVANCE • Principal returned in 1, 2 or 3 years 

Z Utt#Jt!JLM '" ".t.MJJ,&Ak,,@441¢$,.,. ' • 2% default rate 

• Over $100M raised in the past year 

100k - 

250k 

10% 

• 14.8% expected IRR, 8% annual preferred return 

COMMERCIAL REAL ESTATE • Interest paid quarterly 

tJUt CJ1Q!IQ1K itU!Jik d&aj!A#AAJ • Estimated sale - 5-7 years 

• 25% equity stake in the property value/profits 

LITIGATION FUNDING 

• Interest paid quarterly • "Recession proof" 

1⁄4{ JJ#..¢#Ji44,JM ;m .. J,Ji&Qi\.4 • 96% case win rate 

• Term flexibility 

LIFE SETTLEMENTS 

• 11-14% annual compounded return • 3-6 year term 

• "Recession proof" • Our safest, highest yielding investment 

Case 9:20-cv-81205-RAR Document 41-7 Entered on FLSD Docket 07/28/2020 Page 8
A BETTER 

FINANCIAL PLAN "' 

Guest 

Name: 

Name(s): 

/b-J _., ~ Cell Phone: @-{Ji-~)-1-Ufl--5-/d,f> __________ _ 

Email: Qlw,ff--fr>: titet. btl Ark 

ABFP Advisor: --------------------- Circle investments you currently own: 

____ Merchant Cash Advance 

____ Litigation Funding 

____ Life Settlements 

____ Real Estate 

Circle investments you want to own or add more($ Minimum): 

____ Merchant Cash Advance ($100k): 

____ Litigation Funding ($S0k): 

____ Life Settlements ($150k): 

____ Real Estate ($50k): 

____ CBSG's BANK ($100k): 

Amount:$ _____ _ 

Amount:$ _____ _ 

Amount:$ _____ _ 

Amount:$ _____ _ 

Amount:$ _____ _ 

Schedule your appointment at our office! Specify a date, time, and office location: 

Date: _______ _ Time: _______ _ 

King of Prussia, PA: ___ _ Marlton, NJ: _____ _ 

Sign up to schedule a visit to the KYW office In Phil•✓ to record a Radio Commercial with Deanl 

YES:___ NO: 

Notes / Questions / Comments: 

Case 9:20-cv-81205-RAR Document 41-7 Entered on FLSD Docket 07/28/2020 Page 83 of 83