Prosper Funding LLC

Financial Fraud

SANCTION AMOUNT: $3,000,000

Defendants: Prosper Funding LLC

Respondent consented to the Commission's entry of an Order finding that it excluded certain non-performing charged off loans from its reported calculation of annualized net returns, which thereby was overstated. The Order required payment of a $3 million penalty to resolve the matter.

Key Docs
Official SEC press release

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