Quick Loan Funding's Sadek Gets The Boot (pics)

ML-IMPLODE EXCLUSIVE-

Daniel Sadek, ersatz mortgage (and movie) mogul has had his companies Quick Loan Funding and Loyalty Funding evicted from their Costa Mesa headquarters.

Given that Sadek started the company, this comes as little surprise.

Our source tells us that Sadek's defunct businesses had not paid at least 5 months lease on the four floors they occupied (the building owner is reportedly RREEF).

Besides these dubious mortgage enterprises, Sadek is also known for his vanity production company Chicago Pictures (also defunct) which produced only the blockbuster flop "Redline" (starring Sadek's former fiance). Also, at least two multi-hundred-thousand dollar supercars were accidentally totalled in connection with that film. Sadek also owned one "Globalcom Satellite"—now (you guessed it) defunct—which did who-the-hell-knows what.

Now, ML-Implode is proud to bring you photos of the sweep-and-clean of this most recent Sadek detritus:

The eviction notice.

(Click "Continued" below for more pictures.)

Sadek has recently gotten into even more trouble amid California state official accusations that he used client funds in trust to gamble in Vegas. The state is seeking to revoke his license.

Incidentally, the secondary implosion of Loyalty Funding has been only lightly reported. Our sources tell us that as early as May, as QLF was collapsing, Sadek planned to shift employees and business over to Loyalty (in the same building, and reportedly with Sadek's brother as one of two "real owners"). Apparently, everyone who had jumped ship over to Loyalty was also let go recently, and that company is (surprise!) no more.

We have some final, Jerry-Springer-like meditations on the last page, so browse ahead!

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