Affluence Corp (AFFU)

[oldstocks]

Is there any criminal violations from the lenders that the shareholders could do a class action lawsuit?

In New York it would be criminal

York Court of Appeals decision ruled that certain convertible loans may be subject to New York's criminal usury laws.
SpecificallyYes, a New, the court found that if the interest rate on a convertible loan exceeds the criminal usury threshold (25%), the loan could be deemed void ab initio, meaning it is entirely unenforceable 1 2
3 . This ruling has significant implications for lenders who use convertible debt structures, as it establishes that the conversion discount can be considered interest under New York law 1 2.