FlexShopper suspends CEO/CFO, restates 2022-2024 financials after forgery probe

FlexShopper, Inc.

Board suspends CEO/CFO H. Russell Heiser Jr. without pay after investigation into alleged forged documents provided to auditor Grant Thornton.
Company will restate financial statements for fiscal years 2022 and 2023, and quarters through Q3 2024; those statements should no longer be relied upon.
John Davis, President and COO, assumes duties as principal executive officer.
Forbearance agreement with lender BP Fundco, LLC extends draw period and forbears on default for delayed FY2024 financials until August 30, 2025.

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