August 16, 2020
Dear Sir / Madame:
As you may be aware, I am a Court-appointed receiver (the “Receiver”) over various entities, including Complete Business Solutions Group, Inc. d/b/a Par Funding; Full Spectrum Processing, Inc.; ABetterFinancialPlan.com LLC d/b/a A Better Financial Plan (collectively, the “Receivership Entities”). As the Receiver, the Court has charged me with controlling and administering these Receivership Entities.
I have engaged an operations consulting and financial advisory firm, Development Specialists, Inc., to assist me in: (a) reviewing and analyzing the financial records of the Receivership Entities; (b) conducting financial analysis and forensic accounting services; and (c) assessing the ongoing operations of the Receivership Entities and providing input and guidance regarding the management and oversight of the day-to-day operations of the Receivership Entities, including efforts to collect on accounts receivable and to maximize recovery for investors. You can learn more about DSI at the following link: https://dsiconsulting.com/
My immediate efforts are focused on evaluating the future operations of the Receivership Entities and maximizing recovery for the investors in these Receivership Entities. We will continue to provide updates with information about these proceedings on the website available at: ParFundingReceivership.com. If you have any questions, my contact information is available through the following link.
Very truly yours,
Ryan K. Stumphauzer