User-submitted report
Community Loss Claim #5
The Lend East pool was represented as a high-quality emerging market lending opportunity. Recovery communications have been opaque. I allege material misrepresentation of the borrower's financial condition at underwriting. User-submitted report; not independently verified.
Report details
- Submitted by: Lend East Backer
- Event: Lend East
- Reported loss: $25,000
- Reported loss date: 2022-11-15
Submitter statement
The Lend East pool was represented as a high-quality emerging market lending opportunity. Recovery communications have been opaque. I allege material misrepresentation of the borrower's financial condition at underwriting.
This approved report represents the submitter's views and has not been independently verified. Publication does not constitute a legal finding.