The court is scheduled to hear a Motion For An Order Granting Class Certification, Appointing Class Representative, And Class Counsel on in San Francisco on Wednesday, January 7, 2008.
Counting down to the first court date
January 4th, 2009 — , Uncategorized from admin @ Prosper.com Class Action Suit Monitor
Fred93’s January 2009 update on late loans
January 4th, 2009 — , Fred93, Uncategorized from admin @ Prosper.com Class Action Suit Monitor
While slightly off-topic, Prosper lender Fred93 (a top lender and a resourceful community participant whose wide-ranging contributions Prosper has pretty much ignored), provides a monthly update on the rate of new loans going late on Prosper.com.
While always informative and insightful, the January 2009 update strikes me as particularly poignant.
You can read it here.
[...]
Continue reading → Fred93’s January 2009 update on late loans
Mr. Kagle has been served
December 22nd, 2008 — , Prosper, Prosper Marketplace, Prosper.com, Superior Court, Uncategorized, bob, class action, defendants, kagle, robert, suit, summons from admin @ Prosper.com Class Action Suit Monitor
It looks like Robert (Bob) Kagle has been served.
We eagerly await news of any responses being filed with the court by the assorted defendants.
Chris Larsen discusses fraud prevention
December 10th, 2008 — , Chris Larsen, Prosper, Prosper Marketplace, Prosper.com, Uncategorized, fraud prevention from admin @ Prosper.com Class Action Suit Monitor
While we wait for further legal developments, here is an interesting video featuring Prosper co-founder Chris Larsen discussing fraud prevention.
Defendants are being serviced
December 9th, 2008 — , Prosper, Prosper Marketplace, Prosper.com, Superior Court, Uncategorized, class action, defendants, service, suit from admin @ Prosper.com Class Action Suit Monitor
It looks like the Prosper lenders are able to do what what Prosper has been unable to do…serve their defendants.
I hope the court will soon post more underlying documents.
New motion filed with the court
December 8th, 2008 — , Prosper, Prosper Marketplace, Prosper.com, Superior Court, Uncategorized, class action, class certification, motion from admin @ Prosper.com Class Action Suit Monitor
Earlier today, additional filings were made with California Superior Court in the case related to Prosper Marketplace, specifically a notice of motion for an order granting class certification, appointing class representative, and class counsel.
Hearing has been set for January 7, 2009.
Old Witchel interview with Dave Taylor
December 6th, 2008 — , Prosper, Prosper Marketplace, Prosper.com, Uncategorized, compliance, john witchel from admin @ Prosper.com Class Action Suit Monitor
I had not seen this interview until today. As one would expect Witchel re-affirms the position that Prosper is in compliance with all applicable regulations.
I also found the comments pretty interesting.
BREAKING NEWS: Prosper files amended S-1 with the SEC
December 5th, 2008 — , Prosper, Uncategorized, s-1, sec from admin @ Prosper.com Class Action Suit Monitor
Prosper Marketplace has made a new S-1 filing with the SEC.
As a point of interest, the S-1 filing includes the following statements:
(page 25):
On November 26, 2008, a class action lawsuit was filed against us the Superior Court of California, County of San Francisco, California. The suit was brought on behalf of all loan note purchasers in [...]
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- Prosper Marketplace Auctioning Debt The Baltimore Sun is reporting the Prosper Settlement. A settlement for $1 million dollars paid to 20 different states was announced today, with Prosper Marketplace agreeing to the payout after complaints poured in claiming that the peer-to-peer lending service was selling securities that were unregistered. Prosper Marketplace is a business......
- San Francisco Bay Halibut And Leopard Shark [pic] Captain Perry and the Sea Turtle is back with a picture of his deck hand (Larry Rivera) and an unnamed favorite customer. The customer is an avid sportsman, knows how to catch fish, and loves to hunt waterfowl. These fish were caught during the summer live bait drifting the Berkley flats. — Join......
Continue reading → BREAKING NEWS: Prosper files amended S-1 with the SEC
How about it, Mr. Giedgowd?
December 3rd, 2008 — , Ed Giedgowd, Prosper, Prosper.com, Uncategorized, Zopa, compliance, nasaa, regulatory, sec from admin @ Prosper.com Class Action Suit Monitor
Over the years, lenders on Prosper.com have regularly been stunned by what has been widely perceived a long and consistent string of poor legal choices - and the topic of Prosper’s legal competence is frequently a target of ridicule at Prospers.org.
We don’t often hear from Ed Giedgowd, Prosper’s General Counsel. In fact, he does not [...]
- Prosper Update Enhances the Legal Enforceability of Promissory Notes There was a Prosper update last night. Nothing that was completely unexpected... The one thing that struck me as interesting was that borrower's are now required to sign the promissory notes themselves... Before the process had been that Prosper was authorized to sign on their behalf... The part that struck......
Lenders put Prosper.com on notice in June 2008
December 2nd, 2008 — , Ed Giedgowd, Prosper, Prosper Marketplace, Prosper.com, Uncategorized, evidence, legal counsel, preserve from admin @ Prosper.com Class Action Suit Monitor
In light of what appears to be an ongoing effort by Prosper Marketplace to remove potentially incriminating information from their blog, it is worth noting that legal counsel retained by a group of Prosper lenders put Prosper Marketplace on notice already back in June of 2008, instructing Prosper to preserve myriad types of potential evidence.
For [...]
Continue reading → Lenders put Prosper.com on notice in June 2008
Prosper deleting key blog entries?
December 2nd, 2008 — , Prosper, Prosper Marketplace, Prosper.com, Uncategorized, blog, collections, deleting, doug fuller, missing, prospers.org, sanitizing from admin @ Prosper.com Class Action Suit Monitor
There are reports that Prosper employees are in the process of deleting key entries from their blog.
Having grown accustomed to such shenanigans, savvy lenders at Prospers.org archived the original content before Prosper had a chance to delete it.
Specifically, this incident relates to two blog entries by Doug Fuller.
In order to secure public access to these [...]
- Doug Fuller Update Legal Test The New Agency Test aka Legal Test has been updated via the blog: Legal Test Update We have obtained service on 12 of the suits – and have sent “proof of service” back to the courts. Another 41 have been formally entered on the dockets of the court in and......
Crowdsourced predictions for Prosper’s future
December 2nd, 2008 — , Prosper, Prosper Marketplace, Prosper.com, Uncategorized, bankruptcy, crowdsource, lending, p2p, poll, predictify, sec from admin @ Prosper.com Class Action Suit Monitor
The people at Predictify are mulling the future of Prosper Marketplace.
As of Tuesday, December 2, 2008, 61% of the respondents (in this unscientific poll) believe Prosper.com will declare bankruptcy.
Among users ranked as “guru,” bankruptcy is predicted by 73% of respondents.
Continue reading → Crowdsourced predictions for Prosper’s future
Checking on MyC4 late loans
July 30th, 2008 — , 3rd party services, Bad debt, Defaults, bad debt, debt sale, MyC4, currency risk, debt sale, loans, myc4.com from admin @ P2P-Banking.com
Lenders at MyC4.com do not have an easy task, when trying to check which of their loans are late on the repayments. The account page does not offer a comprehensive overview page. If a lender really wanted to check in detail he has to click through to the detail page of each loan he invested [...]
Online StoresMillionaire Dating Blog
July 7th, 2008 — , Marry Rich, blog, dating, millionaire from admin @ Money Millionaire
I happened across a millionaire dating blog the other day. The blog is an extension of the Seeking Millionaire website, except that it seems an after-thought - it doesn’t match the Seeking Millionaire website.
The Seeking Millionaire website is nothing new. It’s one of those websites where they match up beautiful girls and guys [...]
Make a Million with Credit Cards?
July 2nd, 2008 — , Uncategorized from admin @ Money Millionaire
Someone asked me the other day what things he could to do start becoming a millionaire today. I decided to take something simple as an example… credit cards. Yes, credit cards… those things that cost people billions of dollars in interest and fees every year. He was astounded. “How can credit [...]
Online StoresDo You Need To Think Like a Millionaire?
June 30th, 2008 — , Become a Millionaire, a million is not enough, how to become a millionaire, millionaire from admin @ Money Millionaire
In the past, I had written about one could, get the millionaire mindset. But what if you didn’t have to have a particular millionaire mindset? What if you could simply think positively about being a millionaire? Could you become a millionaire? That’s what Foolswealth says about Forming Your Beliefs as a [...]
Do You Need To Think Like a Millionaire?
June 30th, 2008 — , Become a Millionaire, a million is not enough, how to become a millionaire, millionaire from admin @ Money Millionaire
In the past, I had written about one could, get the millionaire mindset. But what if you didn’t have to have a particular millionaire mindset? What if you could simply think positively about being a millionaire? Could you become a millionaire? That’s what Foolswealth says about Forming Your Beliefs as a [...]
Will Astrology Help You Become a Millionaire?
June 13th, 2008 — , Become a Millionaire, astrology, millionaire from admin @ Money Millionaire
I was reading this article on astrology and Internet Millionaires. I had never thought there was a possible connection between Astrology and being a millionaire.
Think about it for a minute. Being born at a certain time may dictate your success in life? I think that’s crazy. Then again, I couldn’t follow [...]
Continue reading → Will Astrology Help You Become a Millionaire?
Will Astrology Help You Become a Millionaire?
June 13th, 2008 — , Become a Millionaire, astrology, millionaire from admin @ Money Millionaire
I was reading this article on astrology and Internet Millionaires. I had never thought there was a possible connection between Astrology and being a millionaire.
Think about it for a minute. Being born at a certain time may dictate your success in life? I think that’s crazy. Then again, I couldn’t follow [...]
Continue reading → Will Astrology Help You Become a Millionaire?
Will Astrology Help You Become a Millionaire?
June 13th, 2008 — , Become a Millionaire, astrology, millionaire from admin @ Money Millionaire
I was reading this article on astrology and Internet Millionaires. I had never thought there was a possible connection between Astrology and being a millionaire.
Think about it for a minute. Being born at a certain time may dictate your success in life? I think that’s crazy. Then again, I couldn’t follow [...]
Continue reading → Will Astrology Help You Become a Millionaire?
Will Astrology Help You Become a Millionaire?
June 13th, 2008 — , Become a Millionaire, astrology, millionaire from admin @ Money Millionaire
I was reading this article on astrology and Internet Millionaires. I had never thought there was a possible connection between Astrology and being a millionaire.
Think about it for a minute. Being born at a certain time may dictate your success in life? I think that’s crazy. Then again, I couldn’t follow [...]
Continue reading → Will Astrology Help You Become a Millionaire?
Will Astrology Help You Become a Millionaire?
June 13th, 2008 — , Become a Millionaire, astrology, millionaire from admin @ Money Millionaire
I was reading this article on astrology and Internet Millionaires. I had never thought there was a possible connection between Astrology and being a millionaire.
Think about it for a minute. Being born at a certain time may dictate your success in life? I think that’s crazy. Then again, I couldn’t follow [...]
Continue reading → Will Astrology Help You Become a Millionaire?
Credit Card Debt is Stopping You From Becoming a Millionaire?
June 3rd, 2008 — , credit card debt from admin @ Money Millionaire
I hear the story everyday. People say that they could be millionaires without a doubt… if they could just find a way to get out of their credit card debt. As usual, I try to give them a few tips to get things under control. These are just a few of the [...]
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- Sunday Money Madness - Go for Broke Welcome to the Go for Broke edition of Sunday Money Madness. The breakdown is once again by category for easy searching for weekend reading material. Tell us what you think! Save Money | Frugal Tips: Mighty Bargain Hunter answers a Reader question: Tips for newbie collectors. Looking to fill out......
- Welcome to the Carnival of Credit Report Stories Welcome to the November 10, 2008 edition of credit report stories! Rich Credit Debt Loan is happy to host the latest edition of the Credit Report Stories carnival. We hope you enjoy the posts and find many worthwhile articles. Below are our editorial picks: Credit Karma presents Balance Needed As......
Continue reading → Credit Card Debt is Stopping You From Becoming a Millionaire?
Can You Become a Millionaire From an Ebook Quickly?
May 27th, 2008 — , Become a Millionaire, millionaire, money, revver from admin @ Money Millionaire
I happened across an unusual video yesterday. The video was simply a series of screens with text reading that a person became a millionaire in a month with only 10$. Yes, the dollar sign was in the wrong place. If the idea didn’t sound crazy enough, multiple errors will tell you it’s [...]
Online StoresContinue reading → Can You Become a Millionaire From an Ebook Quickly?
Can You Become a Millionaire From an Ebook Quickly?
May 27th, 2008 — , Become a Millionaire, millionaire, money, revver from admin @ Money Millionaire
I happened across an unusual video yesterday. The video was simply a series of screens with text reading that a person became a millionaire in a month with only 10$. Yes, the dollar sign was in the wrong place. If the idea didn’t sound crazy enough, multiple errors will tell you it’s [...]
Online StoresContinue reading → Can You Become a Millionaire From an Ebook Quickly?
Millionaire Memoir
May 23rd, 2008 — , Become a Millionaire from admin @ Money Millionaire
I’ve been tagged by Lazy Man and Money to write a six-word memoir for myself… This is such a new site and I have so many different thoughts going on that I’m not sure how to put six words on where I’ve been (or where I want to go)… wait, I can put [...]
Get The Millionaire Mindset
May 16th, 2008 — , Become a Millionaire, million, millionaire, millionaire mindset from admin @ Money Millionaire
Ginger of Girls Just Want To Have Funds picks apart the millionaire mindset. We have a few things in common. One might be a love for Cyndi Lauper (I’m making an assumption here), and the other is a desire to be a millionaire.
How to Become a Millionaire
Ginger has read books like How to [...]
- The Quiet Millionaire by Brett Wilder There are so many personal finance books out there and most seem to fall into one of two categories – Get rich insanely quick or get frugal to turn your life around. For those of us that want a more solid and easy to accomplish means of developing a personal......
- Do You Have What it Takes to Be a Millionaire? Every year, thousands of people become millionaires, while hundreds of thousands struggle to make ends meet. What is the difference between the two groups? In many cases, it comes down to whether or not you have what it takes to be a millionaire. While this may seem like oversimplification, there......
How Not To Become a Millionaire
May 8th, 2008 — , Become a Millionaire, millionaire from admin @ Money Millionaire
Kevin of No Debt Plan gives his take on how to avoid becoming a millionaire. It seems so easy and so many people are doing it, I don’t know if we really need instructions ;-). His tips are pretty basic.
Here are some tips for <b>how not</b> to…
…Become a Millionaire at Work
In essence you [...]
More Marrying Rich for Millions
March 17th, 2008 — , Marry Rich from admin @ Money Millionaire
Heather Mills’ divorce settlement came through today. She’ll get 24.3 million pounds - the equivalent of nearly 50 million dollars. It’s seems to me that 12 million a year for a four year marriage is pretty generous - too generous in my opinion. She’ll walk away in the top one percent of [...]
Online StoresSelling Yourself for Millions?
March 15th, 2008 — , Celebrity Money from admin @ Money Millionaire
I had written about how celebrity can make you millions and marrying rich can for millions. What I haven’t written about is how to use a loose combination of both can work… until now…
If you haven’t been following the Elliot Spitzer prostitution scandal, the name Ashley Alexandra Dupre is foreign to you. [...]
Financial Rules of Thumb Stink
March 14th, 2008 — , Carnival, Quick Calculation, Rant, Rules of Thumb, approximations, calculations, personal finances from admin @ richerbytheday
Everyone loves a good rule of thumb. Knowing that the number of cricket chirps in 15 seconds plus 37 is the approximate temperature [1] is great . I usually do the old 100 plus my age comparison when I get my blood pressure checked as well. These ballpark estimates are easy to [...]
A Million is Not Enough
March 13th, 2008 — , Retirement from admin @ Money Millionaire
I just read an article that says a million is not enough money in England. The article says that you need at least 5.8 million pounds to be part of the “comfortable rich.” Personally I think I would feel pretty comfortable with a mere 5.7 million pounds.
The report goes on to say that [...]
Get Millions By Marriage Follow-up
March 11th, 2008 — , Marry Rich from admin @ Money Millionaire
Last week, I wrote about Bravo’s The Millionaire Matchmaker. It looks like the season is over. While I didn’t catch an episode, I did catch this report on the ending.
I wanted to highlight a two minute clip available here. The rich bachelor ended up proposing. She gave a pretty mediocre “maybe”, [...]
Million Dollar Baby Pictures
March 5th, 2008 — , Celebrity Money from admin @ Money Millionaire
One of the great things about being famous is that you can often print your own money. Sometimes you don’t even need to be that famous or do anything significant. It seems that People magazine may have paid over a million dollars for pictures of Nicole Ritchie’s Baby.
I find this pretty absurd. [...]
Reports on Prosper Days 2008
February 27th, 2008 — Defaults, bad debt, debt sale, Prosper, US from admin @ P2P-Banking.com
Prosper Days 2008 took place Monday and Tuesday. Judging from the impressions of attending lenders, who blogged about it, it was a well organised event, but for seasoned lenders there were few news announced. No news about the long awaited secondary market. One blogger sees the Bidding via API function as highlight. Further news is that Prosper will start suing borrowers who defaulted [...]
