Richard Morency Scam Allegations at Onyx Capital Lending
A report submitted to The Blacklist names Richard Morency, connected to Onyx Capital Lending, as an individual accused of defrauding small businesses. According to the report we received, business owners who sought financing through Richard Morency and Onyx Capital Lending allege they were misled and financially harmed. This article outlines the claims, the associated contact details, and steps businesses can take to protect themselves. Anyone asking whether Richard Morency is legit, or looking for Richard Morency reviews and Richard Morency complaints, should review the details below before engaging with him or his company.
Is Richard Morency Legit? What the Report Alleges
The reporting party states that Richard Morency, operating under the name Onyx Capital Lending, approached small business owners with financing offers that allegedly did not match what was delivered. According to the report we received, the alleged pattern involved promises of favorable loan terms or funding amounts that reportedly failed to materialize as described once the business owner had committed time, documentation, or upfront fees to the process.
The reporting party alleges that this conduct caused direct financial harm to small businesses that were relying on the promised capital to cover payroll, inventory, or operating expenses. According to the report, the alleged pattern was described as deliberate rather than accidental, though The Blacklist has not independently verified every detail of these claims. We present them here as reported, attributed to the source, so that other business owners can make informed decisions.
Nature of the Onyx Capital Lending Complaints
Complaints associated with Onyx Capital Lending, according to the report submitted to us, center on the gap between what small business owners were told during the sales process and what they allegedly received. The reporting party describes a pattern consistent with predatory lending practices sometimes seen in the alternative business financing space, where urgency and pressure are allegedly used to push business owners into agreements before they fully understand the terms.
It is important to note that these are allegations from a single reporting source at this time. The Blacklist encourages any other business owner who has interacted with Richard Morency or Onyx Capital Lending to come forward with their own documentation so a fuller picture can be established.
Onyx Capital Lending: Company Background
Onyx Capital Lending is the business name under which Richard Morency reportedly operates. Public business directory listings associate Richard Morency with Onyx Capital Lending in a leadership capacity. The company markets itself in the business-purpose lending space, a segment of the financial industry that has seen a rise in complaints nationally due to inconsistent oversight compared to traditional consumer lending.
Small businesses considering any financing offer from Onyx Capital Lending or Richard Morency should request full documentation in writing before signing anything or providing any upfront payment. Verbal promises about rates, terms, or funding timelines should always be confirmed in a signed contract.
Also Goes By Onyx Capital Lending
According to the information provided in this report, Richard Morency is also associated with the following names, profiles, and platforms:
- Onyx Capital Lending, business name
- Instagram: https://www.instagram.com/onyxcapitallending/
- LinkedIn: https://www.linkedin.com/in/richard-morency-a313a2106/
- Email: [email protected]
- Website: onyxcapitallending.com
Business owners who encounter any of the above names, handles, or contact points in connection with a financing offer should proceed with caution and verify all claims independently before moving forward.
Contact Information on Record
The email address on file for Richard Morency is [email protected]. His professional presence includes a LinkedIn profile at https://www.linkedin.com/in/richard-morency-a313a2106/ and Onyx Capital Lending maintains an Instagram account at https://www.instagram.com/onyxcapitallending/. The company website on record for Onyx Capital Lending is onyxcapitallending.com. No phone number was provided as part of this report.
Why Small Businesses Should Exercise Caution
Small business lending fraud is a growing concern nationally. According to consumer protection resources, alternative lenders that operate with limited transparency can leave business owners exposed to unfavorable or deceptive terms. Business owners are encouraged to verify any lender's licensing status with their state regulator and to request itemized terms before agreeing to any financing arrangement.
The Blacklist exists to help business owners share and access information about reported bad actors before entering into agreements. Reports like this one submitted regarding Richard Morency and Onyx Capital Lending are added to The Blacklist so that other business owners can research a company or individual before signing a contract or wiring funds.
If you believe you have been the victim of lending fraud, you can file a report with the Federal Trade Commission or the FBI Internet Crime Complaint Center. These agencies track patterns of fraud across the country and may be able to take action if enough reports are filed.
Frequently Asked Questions
Is Richard Morency a scammer?
According to a report submitted to The Blacklist, Richard Morency has been accused of defrauding small businesses through his association with Onyx Capital Lending. These are allegations from a reporting party and have not been independently confirmed by outside enforcement action at this time.
What did Richard Morency do?
The reporting party alleges that Richard Morency, through Onyx Capital Lending, misled small business owners regarding financing terms and caused financial harm as a result. The full details of the alleged conduct are described in the report submitted to The Blacklist.
How can I protect my business from Richard Morency or similar lenders?
Always request written documentation of loan terms before signing anything or sending payment. Verify any lender's licensing and reputation independently, and consult resources like The Blacklist to check for prior complaints before engaging with a lender.
