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onathan Barach, 46, a former co‑founder of The Barach Group LLC and TBG Real Estate LLC in Philadelphia, admitted guilt in a loan‑fraud case. Between July 2017 and April 2021, he solicited more than $3 million from individuals and businesses by promising to purchase and flip properties with contractors, but the projects never materialized. Prosecutors say Barach diverted the funds for personal use, cash withdrawals, and transfers to hidden accounts, including online casino and sportsbook wallets. He also withdrew cash and moved funds into back‑door accounts. Although some money was returned to lenders, over $1.4 million remains unpaid. The scheme targeted both private investors and business partners. He faces sentencing on February 2 2026, with a potential maximum of 30 years in prison.