![]() ![]() Members and sponsors make THE CITY possible. LoanMe borrowers are then on the hook for interest rates of 98% to 500%, plus fees, according to rates in some states posted on the company’s website. The California-based LoanMe arranges small personal and business loans for borrowers with troubled credit histories, using banks in states with few restrictions on interest rates. THE CITY estimates that Benjamin could net a hefty $80,000 profit off what appears to be his initial $4,100 investment if he sold the stock tomorrow on the Toronto Stock Exchange where it’s traded. The Harvard Business School grad got the inside edge via his role as a founding board member of Next Point Acquisition Corp., an investment firm that earlier this year bought the oft-sued California firm LoanMe, records show.īenjamin resigned from NextPoint’s board in March, but kept his stock. Kathy Hochul recently tapped Benjamin for her old job after she succeeded Andrew Cuomo, who resigned amid sexual harassment allegations and other scandals.īenjamin, a Manhattan state senator for the past four years, is set to be sworn into his new role on Thursday. Governor Brian Benjamin stands to make a hefty profit from insider stock he holds in a company that arranges loans with interest rates up to 500% and has been sued repeatedly, THE CITY has learned. ![]()
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