Unless you’ve been living under a rock, you’ve probably heard of the recent news that Global Fidelity Bank’s Chairman Rick Rubin has revoked the bank’s license to do business. This has led to the collapse of many businesses that were relying on the bank for financing.

‘FlexShopper’ founder

‘FlexShopper‘ is a consumer e-commerce company that provides durable goods on a payment lease basis to consumers through third party retailers. The company is headquartered in Boca Raton, Florida, and its products are designed to help consumers shop for brand name electronics and home furnishings on a lease to own basis.

FlexShopper’s proprietary technology, the LTO Engine, automates the process of receiving spending limits and entering leases. The company is expected to expand the LTO industry, which is expected to have a global market value of around $8.5 billion.

FlexShopper has been generating revenues since December 2013. The company provides durable goods to consumers on a lease to own basis. The company’s management believes that the introduction of its LTO programs will open a large untapped expansion opportunity in the U.S.

‘Rick Rubin’

Def Jam founder and former Columbia Records co-president Rick Rubin, is one of the most successful and most renowned producers in the popular music world. He has worked with many notable musicians and has had production credits on five Grammy Award nominees.

Rubin founded Def Jam as a teenager and has been a major player in the world of hip-hop. He has also worked with metal bands, such as Metallica. In 2006, Rubin won the Grammy for Producer of the Year. He was also honored as one of Time’s 100 most influential people in the world.

Rubin’s long-term musical partnership began with Slayer. Rubin’s touch also spread to the Red Hot Chili Peppers and Johnny Cash. He also worked with heavy rock artists such as Metallica, Linkin Park, Kid Rock and the Avett Brothers.

‘Anchor Funding Services’

Whether you are an entrepreneur in need of seed capital, a small business owner looking to expand, or an established enterprise looking for a boost, Anchor Funding Services can help you take your business to the next level. Anchor provides funding to businesses in nearly all industries and can help you find the right factoring solution to fit your needs. You may also be interested in acquiring TAB Bank, a subsidiary of Anchor that provides financial products and services for businesses of all sizes. Founded in 1998, TAB Bank is a full-service bank that offers custom working capital solutions for businesses of all sizes. TAB Bank provides solutions for all stages of the business life cycle and offers a variety of banking services including Treasury Management, Lines of Credit, Business Accounts, and Equipment Finance.

‘Global Fidelity Bank 

‘Global Fidelity Bank’ is a Cayman Islands incorporated bank. It provides private banking, treasury services and commercial lending services. It is a Category B banking license holder. This license allows the bank to conduct domestic banking operations with other Cayman Islands licensed entities.

Global Fidelity Bank has been in liquidation since June 14, 2021. The bank applied for voluntary liquidation under supervision of the court. It also engaged a law firm, FFP, to conduct an assessment of the bank’s financial position. The lawyers noted at least US$2,001,000 was deposited by the bank at the request of Worldclear, a New Zealand registered financial service provider.

It is claimed that Global Fidelity entrusted money to Worldclear for the purpose of establishing a trust account. However, Worldclear’s managing director, David Hillary, claims that Richard Whitham absconded with the company’s customers and customers’ funds. He is also seeking to have a second Whitham company, T1 Holdings Ltd, liquidated. The company was established by Whitham to process international financial transactions on behalf of Worldclear.

‘Global Fidelity’ revoked license

‘Global Fidelity’ retracted its license to sell mutual funds and stock market related products and services to the public, but it hasn’t exactly shut the doors on the industry. Despite this, the company still manages to keep its customers happy and well informed, thanks to a host of free services and low cost investment options. Some of the company’s more enlightened employees even go as far as to provide free financial counseling to their customers. As such, the company is one of the best places to invest your money. The company’s stock trading platform offers both domestic and international equity options, as well as fixed income investments. If you’re looking to get started, you can start with a free demo account. You can also check out their website to learn more about their services.