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Author Topic: Kentucky at forefront of NASAA settlement  (Read 4411 times)

112233

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« Last Edit: December 03, 2008, 11:29:31 pm by 112233 »
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bamalucky

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Re: Kentucky at forefront of NASAA settlement
« Reply #1 on: December 03, 2008, 11:19:02 pm »

  There are 310 Kentucky investors holding notes that cover 10,843 loans in Kentucky with a value of $855,517. More than $500,000 of those loans remain outstanding. While Prosper may not issue more of the notes without first registering, the current notes outstanding will remain until paid off.
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112233

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Re: Kentucky at forefront of NASAA settlement
« Reply #2 on: December 03, 2008, 11:55:05 pm »

Quote
DFI issued a stop order on May 28 halting the sale of the securities in the commonwealth, which was later replaced with an agreed order on June 20.
but prosper continued to sell loans/securities to kentucky lenders during that time. for example:
http://www.lendingstats.com/lenders/KentuckyLender/loans?sort=originationTime&sortDirection=DESC&pageNum=9

(and didnt stop borrowers from borrowing: http://www.prosper.com/groups/member_home.aspx?screen_name=davidtess&display_mode=5)

did prosper ignore the stop order? Im not sure what it stopped.
« Last Edit: December 04, 2008, 12:20:34 am by 112233 »
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bamalucky

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Re: Kentucky at forefront of NASAA settlement
« Reply #3 on: December 03, 2008, 11:57:43 pm »

Wow..take a look at the 2nd loan down on your link

Quote
vaginal douche for special occasions

http://www.prosper.com/lend/listing.aspx?listingID=345701
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Fred93

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Re: Kentucky at forefront of NASAA settlement
« Reply #4 on: December 04, 2008, 12:19:58 am »

Wow..take a look at the 2nd loan down on your link
Quote
vaginal douche for special occasions
http://www.prosper.com/lend/listing.aspx?listingID=345701

Any Kentucky lenders on the douche loan?

112233

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Re: Kentucky at forefront of NASAA settlement
« Reply #5 on: December 04, 2008, 12:23:01 am »

Wow..take a look at the 2nd loan down on your link
Quote
vaginal douche for special occasions
http://www.prosper.com/lend/listing.aspx?listingID=345701

Any Kentucky lenders on the douche loan?
the original list is all the loans for "KentuckyLender"
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ira01

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Re: Kentucky at forefront of NASAA settlement
« Reply #6 on: December 04, 2008, 01:12:24 am »

Wow..take a look at the 2nd loan down on your link

Quote
vaginal douche for special occasions

http://www.prosper.com/lend/listing.aspx?listingID=345701

I thought I remembered a discussion about this listing -- http://www.prospers.org/forum/empty-t7762.0.html  :ninja:
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Fred93

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Re: Kentucky at forefront of NASAA settlement
« Reply #7 on: December 04, 2008, 02:27:20 am »

Any Kentucky lenders on the douche loan?
the original list is all the loans for "KentuckyLender"

Oh I get it now. 

Commonwealth of Kentucky
Environmental and Public Protection Cabinet
Office of Financial Institutions
Agency case #2008-AH-210

Dear Executive Director,

We wish to notify you about a possible violation of your May 28, 2008 stop order in Executive Director vs Prosper Marketplace, Inc. 

You see, this woman, Prosper borrower maryse, whose identity is not known to us, was lookin' to borrow money for her douche business, and KentucyLender, a prosper lender member, whose identity is not known to us, bid on and won participation in her loan, which was subsequently originated on June 17, 2008.  KentuckyLender appears, according to information obtained from Prosper.com's web site, to be a Kentucky resident. 

We wish to enquire whether Prosper's sale of the douche loan to the lender Kentuckylender was in violation of your stop order.

Yours truly,
The Douche Loan Enforcement Team

Seriously, I suspect that what was stopped was related to Prosper's S1, ie resale stuff.  Tho, I have to admit that it ain't clear.  Only way to tell would be to obtain the document that Prosper filed with Kentucky, which is mentioned in the Kentucky order as "the registration statement submitted to the division on November 7, 2007". 

112233

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Re: Kentucky at forefront of NASAA settlement
« Reply #8 on: September 11, 2009, 03:06:17 pm »

lobby
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God-Father

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Re: Kentucky at forefront of NASAA settlement
« Reply #9 on: September 11, 2009, 05:40:22 pm »

Second
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mothandrust

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Re: Kentucky at forefront of NASAA settlement
« Reply #10 on: September 11, 2009, 11:27:13 pm »

Finally we may get a definitive answer to who the biggest douche on Prosper is.
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