ACE PAYDAY PLUS, LLC D/B/A ACE PAYDAY PLUS II, LLC; ACE PAYDAY MANAGEMENT, INC; ACE MANAGEMENT, LLC.; AND JAMES BIANCO,
Plaintiff Securities and Exchange Commission (“Commission”), because of its grievance against Defendants Ace Payday Plus, LLC, d/b/a Ace Payday Plus II, LLC, (“Ace Payday”); Ace Payday Management, Inc. (“Ace Management Inc.); Ace Management, LLC (“Ace Management”); and James Bianco (“Bianco”), alleges the following:
The Commission brings this step to prevent the fraudulent offer and purchase of unregistered securities in Ace Payday, a start-up company purportedly providing check cashing and pay day loan services. In the last many months, Ace Payday, Ace Management Inc., Ace Management, and Bianco, have actually desired to improve $1 million purportedly to produce Ace Payday’s company by providing 100 liability that is limited in Ace Payday at $10,000 per product.