Real Estate Crowdfunding Platform iFunding Is Insolvent

The company recently held a conference call with investors to discuss options with a company called Jazco reportedly offering to take over the remaining deals on the site; the company was reportedly issued a subpoena by the SEC at some point regarding operational questions; in early 2016 a law firm attempted to restructure the firm but the company continued to face challenges; eventually the CEO William Skelley left the company at which point a consultant stepped in; no deals have been originated since late 2016. Source

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