This blog hopes to become a historical repository focusing primarily on the class action suit filed against Prosper Marketplace (and named individuals).
I would like to cover the case throughout the process, look at some of what lead up to this point and I hope to place these events in context of what occured during the past 6 years within this highly unusual, complex, charming, addictive, humorous and disillusioned journey we call the Prosper experience.
This background story has it all…hope, international intrigue, exotic locales, hundreds of millions of dollars, an unbelievable cast of characters, a new disruptive technology to challenge our very credit system, deep-pocketed VCs, deceit, betrayal, lust, numerous sociopaths, tractors, a well-known sextortionist, greed, crime (both organized and disorganized), seduction, copious amounts of cleavage, swindlers, epic chess games, groping, coverups, fanaticism, rednecks, extortion, crooked politician, pugs, charity, serial-killers, benevolence, sex, gambling, backstabbing, truckers, feuds, men posing in Speedos, drama, tragedy, comedy, mutinies, mysterious “deep-throats” and literally thousands of must-see pictures and must-read content logs, documenting the untold story of one of the great human experiments of our time, becoming the lender of last resort for some of the shadiest people living in the underworld of credit fraud on their way down – just as the world economy begins to unravel.
If you would like to learn more, or get involved with the independent user community of (mostly former) Prosper participants, head on over to Prospers.org.
Finally, for the record, PCASM is in no way affiliated with Prosper Marketplace.