As mentioned in closing yesterday I said I would write an expose of Unifund today. It is called Unifund, ZB Limited Partnership and has had business arrangements with Asta Funding, the former junk bond king Michael Milliken during their Integrated Resources days. Investors lost hundreds of millions of dollars in Integrated back in the 80′s [...]
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Here is what happened to one guy who fell for the sales pitch and lived to suffer for it: http://bit.ly/bC1LGY
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As promised this is the 3rd installment covering 4 junk debt buyers/debt predators whose shares are owned by the public. Today’s hit parade will cover Asta Funding and Encore Capital. Asta Funding (NASDAQ symbol asfi) Also known as Palisades Acquisitions/Palisades Collection of Englewood Cliffs, N.J. According to Bud Hibbs, “Also known as Asta Funding, a [...]
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