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James filed the suit Tuesday against Yellowstone Capital, along with a network of related companies and people she says carried on its operations after Yellowstone purportedly shut up shop in 2021 while facing multiple investigations. “Yellowstone Capital, Delta Bridge, and the other companies pretended to offer a helping hand, but instead provided only illegal, ultra-high-interest loans,” said James in a statement. “Small businesses are the foundation of our economy, and they face severe challenges without also having predatory lenders taking advantage of them.”
The lawsuit also names officials from the companies who negotiated and serviced the alleged illegal loans, including David Glass, who co-founded the company in 2019 after pleading guilty to insider trading charges. Messages left at phone numbers listed for Glass were not immediately returned.
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