According to Venues Today, SignalShare filed for bankruptcy in the midst of a legal conflict with NFS Leasing.
Venues Today said NFS Leasing is suing SignalShare for allegedly faking or forging invoices for equipment and other fraudulent activities.
In NFS Leasing’s initial complaint, filed with the U.S. District Court of Massachusetts, it claimed that after entering into several legitimate leases with SignalShare in 2013, SignalShare then sought funds for non-existent equipment, which caused NFS to advance roughly $4.9 million to the WiFi provider from May 2014 to May 2015.
NFS leasing is an independent equipment leasing company based in Beverly, MA.
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