Jonathan Braun, the predatory lender freed from prison by former President Donald Trump, has been temporarily banned from the loan business by a New York judge.
Braun and anyone working for him may not participate in business lending or collect on loans or advances, state Supreme Court Judge Andrew Borrok said in a Sept. 1 order.
In barring Braun from the business until that case is resolved, Borrok wrote that the attorney general’s suit is likely to prevail and that “the record firmly establishes irreparable harm in the absence of an injunction.” Before reporting to prison in 2020, Braun was a prolific predatory lender, notorious for charging borrowers extreme interest rates and threatening those who fell behind. He and his associates collected $77 million in payments from small-business owners across the US, according to the attorney general’s office, operating in a lightly regulated corner of the market known as merchant cash advance.
“You don’t know who you’re f - - king dealing with. We can get you wherever we want,” he told one borrower, who started carrying a gun, court papers say. “We know where you live,” he said to another. “We’ll go after your family.”
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