My Prosper.com experience

But blogging is boring.

Today i formally requested that my name be taken off any class action lawsuit initiated by Phillip Kim, Esq.
The Rosen Law Firm, P.A.350 5th Avenue, Suite 5508
New York, New York 10118

The lawyer asked me to stop discussing the lawsuit.Even the parts that are public information found on court websites.
He seems distressed that threads on prospers.org were discussing the fees his firm could possibly collect.

I was commenting about Prosper long before he was around & have no intention of having my voice silenced.I honored his requests that private confidential lawsuit details remain private.

I think he's afraid some other ambulance chaser will piggyback & get a few class members.

To participate in the class action lawsuit against Prosper contact
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
350 5th Avenue, Suite 5508
New York, New York 10118
email: pkim@rosenlegal.com
tel: (212) 686-1060

I am one of 3 named lead plaintiffs.

Prosper operates an online lending platform connecting borrowers with lenders. The loan notes issued by Prosper pursuant to this platform are securities and Prosper, from approximately January 2006 through October 14, 2008, violated Sections 5(a) and (c) of the Securities Act, which prohibit the offer or sale of securities without an effective registration statement or a valid exemption from registration.

http://www.sec.gov/litigation/admin/2008/33-8984.pdf

Hello,

My name is Laura. In March of 2007, you bid on my loan (http://www.prosper.com/lend/listing.aspx?listingID=109642).
I want to thank you for the faith that you put, but it is with much
regret that I must tell you that I am declaring bankruptcy.

I
wanted to let everyone know. I expect that this is going to come as
unwelcome news, but I felt it was best to tell everyone personally
before you heard it from Prosper. I will not offer any excuses or
reasons, as I feel that that is probably not important to you. I will
just say that times are rough for everyone right now, including me. I
have contacted all of my creditors, including Prosper, to see if they
could work with me on refinance or a deferment, but I have not been
successful in obtaining any such help. I am not faulting anyone for my
situation except myself; I listened to bad advice, and made poor
choices with my credit, but in the end it was still my choice to take
the advice. I wish there was another way, but I am at my wits end, and
I cannot do it anymore.

I sincerely apologize,
Laura