OC Register Business Blog Blocks ONMONEY

Posted by OscarNOW oc blog. orange county, oc register, quick funding, sadek 1:53 AM

Well, i guess the internet isn't free after all. After reading an article:

Here is part of the article:

State seeks to revoke Quick Loan Funding founder’s license

November 9th, 2007 ·posted by John Gittelsohn

(Updated at 6:30 p.m.)

State regulators want to revoke the finance licenses of Daniel Sadek, owner of Costa Mesa-subprime lender Quick Loan Funding Inc., saying he charged excessive fees to borrowers and took out $1 million in markers from his escrow company to cover gambling debts in Las Vegas.

AND THIS IS MY COMMENT, THAT HAS NOT BEEN POSTED:

1. ONmoney.NET Says: Your comment is awaiting moderation.
   November 9th, 2007 at 6:09 pm

   Smarter: Brokers make the money on the sheet, charging higher rates. The customer usually can’t tell. The best deals are at banks, so keep your credit strong and get preferred rates
   Sadek: You will end up in jail. You should just sell that strip joint you own, otherwise the feds will take it.
   Readers: Learn how to use options and short selling and take advantage of the reality of the implosion

I will remind readers and the OC blog that THIS writer is not a journalist but an actual trader and economic forecaster. And I do know those close to this Sadek. He will go to jail Its only a matter of time. This blog comes from the county who's sheriff (corona) is being investigated.