top of page
Our Blog
Keep Yourself In-the-Know
Search
Counterfeit Shares & Market Manipulation in the Public Markets
Counterfeit Shares and the Public Markets
Mark R. Basile, Esq.
Aug 30, 20235 min read
5,170
TOXIC DEBT STOCK REPAYMENTS TO LENDERS MAY BE THE NEXT TIME BOMB UNDER BANKRUPTCY AVOIDANCE LAWS
Lenders Forced Stock Conversions may be attacked in Bankruptcy as a Fraudulent Conveyance
Mark R. Basile, Esq.
Apr 7, 20234 min read
891
Merchant Cash Advance Industry in New York – Not so Fast!
Merchant Funders, companies that purport to purchase future accounts receivables from small underfunded private and public companies, and...
Mark R. Basile, Esq.
Feb 9, 20233 min read
603
Should Default Interest be Included in a New York Criminal Usury Analysis
Default Interest and Criminal Usury - Should New York recognize default interest rate and charges on loans for usury purposes
Mark R. Basile, Esq.
Jan 31, 20236 min read
271
Should the NY Attorney General Expand its Investigation to Convertible Note Lenders - Usury Laws.
Our law firm is known for taking the position that fixed discount convertible notes used to finance small underfunded public companies...
Mark R. Basile, Esq.
Dec 14, 20226 min read
158
Florida Courts Should Apply New York’s Adar Bays Analysis to Determine Usury
Usurious loans have been the scourge of finance since early times. Despite being condemned as wrong and sinful for over 4000 years,...
Agapija Cruz, Esq.
Nov 1, 202212 min read
329
Why a CEO MUST Consult an Attorney Prior to Amending a “Choice of Law” Provision in a Contract
Most laws in our country don’t tend to differ much between states. In fact, it’s probably accurate to say that a majority of states’...
Eric J. Benzenberg, Esq.
Mar 29, 20224 min read
250
How RICO and the Adar Bays Decision Can Help Microcaps Recover Losses Caused by Toxic Lending
On October 14, 2021, the New York Court of Appeals issued its decision in Adar Bays. The Adar Bays decision put a major dent in the...
Marjorie M. Santelli Esq. and Christopher M. Basile, Esq.
Feb 27, 20228 min read
2,101
How Toxic Lenders are Responding to SEC Investigations and Enforcement Actions
As many of you already know, and for those CEOs of small public companies that do not know, the United States Securities and Exchange...
Christopher M. Basile, Esq.
Nov 15, 20214 min read
2,547
New York's Highest Court Rules Convertible Notes Subject to Criminal Usury Laws
The Basile Law Firm P.C. has been steadfast in representing our OTC Markets issuer clients in both federal and state courts around the...
Mark R. Basile, Esq.
Oct 22, 20216 min read
2,837
Beware of Fake Corporate Restructuring Groups
Our firm receives dozens of calls from small public companies that have been misled by rogue advisors claiming they do restructurings,...
The Basile Law Firm P.C.
Feb 5, 20213 min read
178
Merchant Cash Advances - What You Should Know
How did the Merchant Cash Advance industry transform into a greedy, bloodsucking system of usurious loans?
Eric J. Benzenberg, Esq.
Jan 16, 20217 min read
1,270
The New Type of Convertible Note Transaction on the OTC Markets – a Dirty Trick?
Professor Basile covers a new lending instrument by Toxic Lenders on the OTC Markets
Mark R. Basile, Esq.
Sep 28, 20204 min read
999
OTC Market Issuers May Recoup Hundreds of Millions from SEC Actions against Toxic Lenders.
Many CEO’s and investors in small public companies trading on the OTC Markets are closely following the SEC lawsuits instituted against...
Mark R. Basile, Esq.
Sep 4, 20204 min read
2,841
Transfer Agents and a new Standard for Rule 144 Opinion Letters
Transfer agents require convertible note holders to supply a legal opinion letter from a securities attorney explaining the legal basis...
The Basile Law Firm P.C.
Jun 9, 20206 min read
1,541
SEC Finally going after Toxic Convertible Note Debt Lenders
The OTC Market is plagued with thousands of small public companies taking thousands of small loans in the form of convertible debt. If an...
The Basile Law Firm P.C.
Apr 19, 20203 min read
9,689
Microcap Transfer Agents: Friend or Foe?
I was prompted to write this article based on some disturbing information I had found out about a fairly well known and active transfer...
Mark R. Basile, Esq.
Nov 13, 20194 min read
208
Could The End of Toxic Convertible Notes Be in Sight?
It may happen soon, especially in states like New York, Florida and Texas, all of which have criminal usury statutes capping the amount...
The Basile Law Firm P.C.
Nov 13, 20194 min read
168
Microcap Terrorism - A Warning to OTC CEO's
There are many forms of terrorism in this world playing out right before us and we are all somewhat familiar with the political form, but...
Mark R. Basile, Esq.
Nov 13, 20196 min read
5,628
Is A Convertible Note a Security?
Convertible Note Stock may NOT be eligible for Resale after 6 months but may also be subject to state Usury Laws. The deadly toxic...
The Basile Law Firm P.C.
Nov 13, 20199 min read
745
bottom of page