Owner of E-Card Lending Charged with Operating a Ponzi Scheme

MIAMI – The owner and founder of E-Card Lending LLC or E-Card Merchant LLC (E-Card) was charged with running an investment Ponzi scheme disguised as a merchant cash advance (MCA) business.

Pablo Silverio Rebollido, 47, of Miami, Fla., was charged by an information with wire fraud on March 26.

According to the allegations in the information, E-Card was purportedly engaged in the business of providing MCAs, a type of short-term financing typically used by small and medium-sized businesses. E-Card allegedly loaned money at high interest rates to its clients in the form of lump-sum cash advances in exchange for a percentage of future E-Card’s credit card sales or daily bank deposits.

Court documents state that from August 2019 to February 2024, Rebollido fraudulently solicited money from investors purportedly to fund E-Card’s MCAs in exchange for regular monthly investment returns from E-Card’s profits. It is alleged that in reality, E-Card had no clients and Rebollido fraudulently used the investment funds to pay off earlier investors and finance his extravagant lifestyle. It is alleged that over 70 investors invested in E-Card and the scheme resulted in more than $40 million dollars in losses.

Rebollido’s initial appearance hearing is scheduled for April 11 at 2:00 p.m. in Miami. If convicted, Rebollido faces up to 20 years in prison.

U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida and Acting Special Agent in Charge Brett Skiles of the FBI, Miami Field Office made the announcement.

FBI Miami is investigating the case. Assistant U.S. Attorneys Robert F. Moore and Jon Juenger are prosecuting the case. Assistant U.S. Attorney Nicole Grosnoff is handling asset forfeiture.

The charges contained in an information are merely accusations. All defendants are presumed innocent until proven guilty beyond reasonable doubt in a court of law.

The FBI’s Miami Division is seeking to identify potential victims of “E Card Merchant LLC” or “E Card Lending LLC." The FBI believes E Card Merchant primarily targeted victims between the timeframe of January 2019 to January 2024.

If you and/or your minor dependent(s) were victimized by E Card Merchant or have information relevant to this investigation, please complete the short form located on the FBI’s Seeking Victims webpage.

If you know of someone else who has possibly been victimized by E Card Merchant, please encourage them to complete the form themselves.

The FBI is legally mandated to identify victims of federal crimes it investigates. Victims may be eligible for certain services, restitution, and rights under federal and/or state law. Your responses are voluntary but may be useful in the federal investigation and to identify you as a potential victim. Based on the responses provided, you may be contacted by the FBI and asked to provide additional information. All identities of victims will be kept confidential.

Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case number 25-cr-20127.

###