1 GLOBAL CAPITAL, LLC

Case Highlights

• Management of a $300 million portfolio of merchant cash advances
• Forensic investigation of company financial activities
• Coordination of governmental authorities and other case stakeholders to maximize recoveries
• CRO managed a Chapter 11 plan process with disparate parties to a successful conclusion
• Post Confirmation - DSI continues to manage the estate and monetize assets and manage litigation

Case Narrative

1 Global Capital, LLC operates in the financial services industry, providing direct merchant cash advances (“MCAs”) to businesses across the United States. Through independent sales organizations, underwriters and other funding agents, 1 Global Capital offered a variety of fast and flexible financing options, specializing in MCAs and other unsecured, short-term commercial financing. 1 Global Capital has served businesses in a variety of industries, including automotive, construction, e-commerce, events, franchise, hospitality, healthcare, manufacturing, retail, restaurant/bar, spa/salon, and transportation.

After the SEC alleged possible securities law violations and the U.S. Attorney in the Southern District of Florida opened investigations, the company experienced a liquidity crisis and determined to modify its corporate governance structure by appointing a new independent manager and a CRO. Two members of DSI were appointed as the CRO and Deputy CRO to manage the business, plan and implement a strategy to maximize assets values, implement overhead reductions, all while in contact with and providing information to the SEC, U.S. Attorney and select state authorities who are conducting ongoing investigations.