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Here we go again.

If you’ve been following the First Brands and Tricolor sagas, you already know the playbook: fast-growing lender, institutional money pouring in. Then it all unravels with allegations of double-pledged collateral and a founder who’s suddenly hard to reach.

Market Financial Solutions (MFS), a UK bridging lender with a £2.4 billion loan book and over £2 billion in institutional funding lines, just became the third chapter in that story. The CEO has reportedly fled to Dubai. The judge cited evidence of double-pledging. And the list of exposed lenders reads like a who’s who of structured finance: Barclays, Apollo’s Atlas SP, Castlelake, Santander, Jefferies, and Wells Fargo.

Below: how it started, how it unraveled, and the Bangladesh money laundering investigation that was already closing in before the first court filing.