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She called herself Florida’s small business lender Mother Teresa, but investigators say she was actually running a $194 million Ponzi scheme

Joanna Garcia claimed her merchant cash advance business was so helpful to small businesses in Florida that she was like Catholic saint Mother Teresa. But for the 15,400 investors who plowed $194.1 million into MJ Capital Funding, the lender Garcia set up with partner Pavel Ramon Luis Hernandez was just a Ponzi scheme, federal investigators … Read more