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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D /A
Under
the Securities Exchange Act of 1934
(Amendment
No. 1 )*
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)
August 27, 2008
(Date
of Event which Requires Filing of this Statement)
If 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) or (4), check the following box 9.
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 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 such class.) (See Rule 13d-7.)
Note: 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
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 containing information which would alter
disclosures provided in a prior cover page.
The
information 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).
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SCHEDULE
13D
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|
CUSIP
No. 032904 10 4
|
Page 2 of 5
Pages
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|||
|
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*
PF
|
|
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
2,178,944
|
|
8
|
SHARED
VOTING POWER
|
|
|
9
|
SOLE
DISPOSITIVE POWER
2,178,944
|
|
|
10
|
SHARED
DISPOSITIVE POWER
|
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,178.944
|
|
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
|
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.0 %
- (10.5% voting stock) (1)
|
|
14
|
TYPE
OF REPORTING PERSON*
IN
|
(1)
Based upon 12,940,378 shares outstanding, plus 678,944 warrant shares owned by
Mr. Baquet, excluding 6,084,995 shares of Common Stock issuable upon conversion
of Preferred Stock.
*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.
|
SCHEDULE
13D
|
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|
CUSIP
No. 032904 10 4
|
Page 3 of 5
Pages
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|||
|
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*
PF
|
|
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
-0-
|
|
8
|
SHARED
VOTING POWER
-0-
|
|
|
9
|
SOLE
DISPOSITIVE POWER
-0-
|
|
|
10
|
SHARED
DISPOSITIVE POWER
-0-
|
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
|
|
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)
0 %
- Common
|
|
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.
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SCHEDULE
13D
|
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CUSIP
No. 032904 10 4
|
Page 4 of 5
Pages
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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
Personnel
funds.
Item
4. Purpose
of Transactions
|
(a)
|
-
(j) Not applicable.
|
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.
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SCHEDULE
13D
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|
CUSIP
No. 032904 10 4
|
Page 5 of 5
Pages
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Item
5. Interest
in Securities of the Issuer
(a) -
(b) As of August 27, 2008, the Issuer has
outstanding 12,940,378 shares of Common Stock and 1,216,999 shares of Series 1
Preferred Stock with the voting rights of 7,043,637 common shares, but
convertible into 6,084,995 shares of Common Stock. Of the foregoing shares of
Common Stock, Mr. Baquet beneficially owns 2,178,944 shares of Common Stock
(inclusive of outstanding warrants to purchase 678,944 shares held in his name),
representing 16.0% of the outstanding Common Stock, and 10.5% of the voting
capital stock. Mr. Baquet has the sole power to dispose of and vote 2,178,944
shares of Common Stock owned by him. Fordham Financial Management, Inc., which
originally owned 1,342,500 shares of Common Stock in a previous Schedule 13D
filing, currently owns zero shares of Common Stock of the Issuer. Fordham’s
ownership excludes shares owned by Mr. Baquet, its controlling
person.
(c) On
August 27, 2008, Fordham Financial transferred 678,944 warrants to Mr. Baquet
and 663,556 warrants to various registered persons and employees of the
firm.
(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.
Dated: August
27, 2008
Signature
By: /s/William
Baquet
William
Baquet
FORDHAM
FINANCIAL MANAGEMENT, INC.
By:
William
Baquet
William
Baquet, Chief Executive Officer