Businessman Stephen Odzer paid $9 million in cash “kickbacks or commissions” to Par Funding founder Joseph LaForte more than 250 times over four years in order to borrow $93 million, according to the court-appointed receiver in the investment-fraud case. Many of the transactions are documented in emails and texts from Odzer to LaForte, as shown in court documents. Lawyers for LaForte say the cash was properly deposited in Par accounts.

Businessman Stephen Odzer paid $9 million in cash “kickbacks or commissions” to Par Funding founder Joseph LaForte more than 250 times over four years in order to borrow $93 million, according to the court-appointed receiver in the investment-fraud case. Many of the transactions are documented in emails and texts from Odzer to LaForte, as shown in court documents. Lawyers for LaForte say the cash was properly deposited in Par accounts.