Hayden O’Byrne United States Attorney for the Southern District of Florida | The Florida Bar
The owner of E-Card Lending LLC, Pablo Silverio Rebollido, faces charges for allegedly operating a Ponzi scheme under the guise of a merchant cash advance business. Rebollido, aged 47, was formally charged with wire fraud on March 26.
According to the submitted information, E-Card was ostensibly involved in merchant cash advances, a form of short-term funding typically provided to small and medium businesses. This involved offering funds upfront to clients in exchange for a share of future E-Card credit card sales or daily bank deposits.
Court documents claim that between August 2019 and February 2024, Rebollido solicited investments purportedly for E-Card’s business. Instead, it is alleged that the company had no real clients. The investment money was allegedly used to pay prior investors and support Rebollido’s lifestyle. Over 70 investors reportedly participated, with losses exceeding $40 million.
Rebollido is scheduled for an initial hearing on April 11 in Miami. If convicted, he faces a potential 20-year prison sentence.
The announcement was made by U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida and Acting Special Agent in Charge Brett Skiles of the FBI's Miami Field Office.
The investigation is being handled by FBI Miami, with Assistant U.S. Attorneys Robert F. Moore and Jon Juenger leading the prosecution, and Assistant U.S. Attorney Nicole Grosnoff managing asset forfeiture.
It is emphasized that the charges are accusations and all defendants are presumed innocent until proven guilty in court.
The FBI’s Miami Division is actively looking to identify potential victims of “E Card Merchant LLC” or “E-Card Lending LLC." The FBI suspects targeting occurred from January 2019 to January 2024.
Individuals who believe they were victimized by E-Card Merchant are encouraged to complete a form on the FBI’s Seeking Victims webpage. The FBI, with a legal mandate to identify victims of federal crimes, states that victim information may help in the investigation and may lead to contact for further details.
For related documentation and further case information, access is available through the Southern District of Florida’s court website under case number 25-cr-20127.
