Statement of matter
There are three points to be considered by the CAF:
ShermanFinancialGroup — RDC alert, 5/2014 — Press release from NY State
Attorney General detailing a settlement ... First priority secured interest of the Pledgor's $4.6B equity interest in
ShermanFinancialGroup's business assets:
Credit One Bank
$3.9B
Resurgent Capital
$0.56
Kroll Bond Rating ... acquired for $320MM.
Client Background:
Ben Navarro is the Founder and CEO of ShermanFinancialGroup ("SFG").
Prior to SFG, he was the Co-Head of Mortgage Sales and Trading