May 04, 2021
A federal judge in Manhattan on Tuesday ordered private equity firm Yellowstone Capital, an associated entity and two of its principals to pay more than $9.8 million to resolve Federal Trade Commission claims that they improperly collected millions from small-business clients via hidden fees and unauthorized withdrawals.
August 04, 2020
Merchant cash advance provider Yellowstone Capital and its top brass stole millions of dollars from its small business clients through hidden fees and unauthorized withdrawals, the Federal Trade Commission said in an enforcement action filed in New York federal court Monday.