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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment
No. )*
ANCHOR FUNDING SERVICES,
INC.
(Name
of
Issuer)
Common
Stock
(Title
of Class of Securities)
032904
10 4
(CUSIP
Number)
Steven
Morse, Esq., Morse
& Morse, PLLC., 1400 Old Country Road, Westbury, NY 11590
(516-487-1446)
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
December
31,
2007
(Date
of
Event which Requires Filing of this Statement)
If
the
filing In the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1(b)(3) 13d-1 (b)(3)or
(4), check the following box 9.
Check
the Check the following box if a fee is being paid with the statement
[ ]. (A fee is not required only if the reporting person:
(1) has a previous statement on file reporting beneficial
ownership ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
suc less of such class.) (See Rule 13d-7.)
Note:
Six coNote: Six copies of this statement, including
all exhibits, should be filed with the Commission. See Rule 13d-1(a)
for other parties to whom copies are sent.
*The
remai* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment amendment containing
information which would alter disclosures provided in a prior cover
page.
The
inform The infirmation required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act ("ACT") or otherwise subject to the liabilities of
that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
1
|
CUSIP
No. 032904 10 4
|
Page
2 of 5
Pages
|
|||
|
1
|
NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William
Baquet
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP*
(a) [__]
(b) [X]
|
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS*
NOT
APPLICABLE
|
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d)
OR 2(e)
|
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
1,500,000
|
|
8
|
SHARED
VOTING POWER
1,342,500
|
|
|
9
|
SOLE
DISPOSITIVE POWER
1,500,000
|
|
|
10
|
SHARED
DISPOSITIVE POWER
1,342.500
|
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,842,500
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
|
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.6%
- Common [13.6%
voting capital stock)
|
|
14
|
TYPE
OF REPORTING PERSON*
IN
|
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE
BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING
EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
2
|
CUSIP
No. 032904 10 4
|
Page 3 of
5
Pages
|
|||
|
1
|
NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fordham
Financial Management, Inc.
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A
GROUP*
(a) [__]
(b) [X]
|
|
3
|
SEC
USE ONLY
|
|
4
|
SOURCE
OF FUNDS*
NOT
APPLICABLE
|
|
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d)
OR 2(e)
|
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
COLORADO
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
1,342,500
|
|
8
|
SHARED
VOTING POWER
-0-
|
|
|
9
|
SOLE
DISPOSITIVE POWER
1,342,500
|
|
|
10
|
SHARED
DISPOSITIVE POWER
-0-
|
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,342,500
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
Excludes
shares owned by William Baquet.
|
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.1%
- Common [6.4%
voting capital stock)
|
|
14
|
TYPE
OF REPORTING PERSON*
CO
|
*SEE
INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE
BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING
EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
3
|
CUSIP
No. 032904 10 4
|
Page 4 of
5
Pages
|
|||
On
June 29, 2007, the Issuer became a
reporting company under Section 12(g) of the Securities and Exchange Act of
1934, as amended, when its Form 10-SB (filed on April 30, 2007) became effective
(File No. 0-52589). This Schedule 13D is being filed for the reporting person
who was a 5% or greater stockholder at the time that the Form 10-SB became
effective in lieu of a Schedule 13G. For this reason, all references
to source of funds have been answered not applicable.
Item
1.
Security and Issuer
This
statement relates to the Common Stock of Anchor Funding Services, Inc. (the
“Issuer”). The Issuer’s executive office is located at 10801 Johnston
Road, Suite 210, Charlotte, NC 28226
Item
2. Identity
and Background
|
|
(a)
|
William
Baquet
|
(b) 14
Wall Street, 18th
Floor
New
York,
NY 10005
|
|
(c)
|
Chief
Executive Officer of Fordham Financial Management, Inc.
|
(d) Not
applicable.
|
|
(e)
|
Not
applicable.
|
|
(f)
|
USA
|
|
|
(a)
|
Fordham
Financial Management, Inc.
|
(b) 14
Wall Street, 18th
Floor
New
York,
NY 10005
|
|
(c)
|
Licensed
broker/dealer
|
(d) Not
applicable.
|
|
(e)
|
Not
applicable.
|
|
|
(f)
|
USA
|
Item
3. Source
and Amount of Funds or Other Consideration
Not
applicable.
Item
4. Purpose
of Transactions
|
(a)
|
-
(j) Not applicable.
|
This
filing is being made as a result of the effectiveness of the Issuer’s
registration statement on Form 10. Each of the Reporting Persons has acquired
the securities covered by this schedule for investment purposes only. The
Reporting Persons do not have any present plans or proposals that relate to
or
would result in any of the actions required to be described in item 4 of
Schedule 13D. Each of the Reporting Persons may at any time review or reconsider
its position with respect to the Issuer and formulate plans or proposals with
respect to any of such matters, but has no present intention of doing
so.
4
|
CUSIP
No. 032904 10 4
|
Page 5 of
5
Pages
|
|||
Item
5. Interest
in Securities of the Issuer
(a)
-
(b) As of December 31, 2007, the Issuer has
outstanding 11,820,555 shares of Common Stock and 1,342,500 shares of Series
1
Preferred Stock with the voting rights of 7,770,000 common shares. Of the
foregoing shares of Common Stock, the reporting persons beneficially own
2,842,500 shares of Common Stock (inclusive of outstanding warrants to purchase
1,342,500 shares held in the name of Fordham Financial Management, Inc.),
representing 21.6% of the outstanding Common Stock, and 13.6% of the
voting capital stock. Mr. Baquet has the sole power to dispose of and vote
1,500,000 shares of Common Stock owned by him and Mr. Baquet shares in the
power
to vote and dispose of the 1,342,500 shares held by Fordham Financial
Management, Inc., which is controlled by Mr. Baquet. Fordham has the shared
power to vote and dispose of 1,342,500 shares underlying a like number of
warrants.
(c) Not
Applicable.
(d)
-
(e) Not Applicable
Item
6. Contracts,
Arrangements, Understandings or Relationships with Respect to the Securities
of
the Issuer.
Not
applicable.
Item
7. Materials
to be filed as Exhibits
Not
applicable.
Signature
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
| FORDHAM FINANCIAL MANAGEMENT, INC. | |||
|
January
9, 2008
|
By:
|
/s/ William Baquet | |
| William Baquet | |||
| Chief Executive Officer | |||
5