Strategic Funding Source, Inc. d/b/a Kapitus v. Ron Boonkura/k/a Ronnayuth Boonkue and Boon Boon LLC

CourtDistrict Court, W.D. Washington
DecidedNovember 4, 2025
Docket3:25-cv-05220
StatusUnknown

This text of Strategic Funding Source, Inc. d/b/a Kapitus v. Ron Boonkura/k/a Ronnayuth Boonkue and Boon Boon LLC (Strategic Funding Source, Inc. d/b/a Kapitus v. Ron Boonkura/k/a Ronnayuth Boonkue and Boon Boon LLC) is published on Counsel Stack Legal Research, covering District Court, W.D. Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Strategic Funding Source, Inc. d/b/a Kapitus v. Ron Boonkura/k/a Ronnayuth Boonkue and Boon Boon LLC, (W.D. Wash. 2025).

Opinion

1 2 3 4

5 6 7 8 UNITED STATES DISTRICT COURT WESTERN DISTRICT OF WASHINGTON 9 AT SEATTLE 10 11 STRATEGIC FUNDING SOURCE, INC. CASE NO. 3:25-cv-05220-TL d/b/a KAPITUS, a New York Corporation, 12 Petitioner, ORDER ON MOTION FOR 13 v. DEFAULT JUDGMENT 14 RON BOONKUR (a/k/a RONNAYUTH BOONKUE), an individual; and BOON 15 BOON LLC, a Washington limited liability company, 16 Defendants. 17

18 19 This matter is before the Court on Plaintiff’s Motion for Default Judgment. Dkt. No. 13. 20 Defendants have not appeared or otherwise participated in this case. On June 18, 2025, the Clerk 21 of Court entered Defendants into default. Dkt. No. 11. Having reviewed Plaintiff’s motion and 22 the relevant record, the Court GRANTS IN PART and DENIES IN PART Plaintiff’s motion. 23 // 24 // 1 I. BACKGROUND 2 This is a breach-of-contract and unjust-enrichment case that arises out of Plaintiff 3 Strategic Funding’s (“Plaintiff”) provision of financing to Defendant Ron Boonkur (“Boonkur”) 4 (Dkt. No. 1 (Complaint) ¶¶ 9, 12)), followed by Defendant’s subsequent failure to fulfill his

5 contractual obligations. Id. ¶ 19. Plaintiff is a New York corporation that provides financing to 6 small businesses. Id. ¶ 7. One of Plaintiff’s services is merchant cash financing (“MCA”). Id. 7 Merchant cash financing is a service by which a borrower sells and assigns a specified 8 percentage of its future credit-card receivables to a customer in exchange for an up-front cash 9 purchase price, which is provided by the customer. Id. Plaintiff’s principal place of business is 10 New York, New York. Id. ¶ 1. Defendant Boonkur is an individual who resides in Thurston 11 County, Washington. Id. ¶ 2. Defendant Boon Boon, LLC (“Boon Boon”) is a Washington 12 limited liability company with its principal place of business in Thurston County, Washington. 13 Id. ¶ 3. 14 On September 10, 2014, Boonkur contacted Plaintiff seeking MCA financing. Id. ¶ 7.

15 Boonkur sought this financing on behalf of Jag & Nasha, LLC (“Jag & Nasha”) d/b/a Pattaya 16 Thai Restaurant (“Pattaya Thai”). Id. ¶ 8. Pattaya Thai is a restaurant that Boonkur opened in 17 Lacey, Washington, which is in Thurston County. Id. On September 12, 2014, Plaintiff and 18 Boonkur entered into a merchant cash advance agreement (“First Agreement”). Id. ¶ 9. In 19 exchange for an upfront payment of $50,000 from Plaintiff, Plaintiff bought $70,450 of Pattaya 20 Thai’s future credit-card receivables generated through its business. Id. As part of the First 21 Agreement, Boonkur personally guaranteed the performance and obligations of Pattaya Thai 22 through a Security Agreement and Guaranty (“First Guaranty”). Id. ¶ 10. This guaranty was 23 //

24 // 1 signed in Boonkur’s daughter’s name.1 Id. ¶ 32. However, Plaintiff later learned that Boonkur 2 had forged his daughter’s signature.2 Id. ¶ 32. 3 On February 5, 2015, the Parties entered into another merchant cash advance agreement 4 (“Second Agreement”). Id. ¶ 12. In this agreement, Plaintiff purchased $94,403 of Pattaya Thai’s

5 future credit-card receivables in exchange for an upfront payment of $67,000. Id. Boonkur 6 guaranteed the performance and obligations of Pattaya Thai through another Security Agreement 7 and Guaranty (“Second Guaranty”). Id. ¶ 13. The Second Guaranty was also purported to have 8 been signed by Boonkur’s daughter but, as with the First Guaranty, the signature had been forged 9 by Boonkur. Id. ¶ 32. 10 The Second Agreement includes several agreements, for which Plaintiff claims 11 Defendant Boonkur has broken. Id. ¶¶ 15–17. First, it includes an agreement that Pattaya Thai 12 would not, without prior written notice to Plaintiff, “change the card processor through which the 13 Receipts are settled from Processor to another card processor” or “conduct its business under any 14 name other than as disclosed to Processor and [Plaintiff].” Dkt. No. 1-1 at 7 (Merchant Cash

15 Advance Agreement). Second, Boonkur agreed to be liable for all costs and expenses, including 16 attorney fees, attendant to the enforcement of the Second Agreement. Id. Lastly, Boonkur also 17 agreed to pay $7,500 in “Default” and “Processor Change” fees if Pattaya Thai made an 18 unauthorized change of its credit-card processor. Id. 19 Plaintiff alleges that Defendant Boonkur has not fulfilled his contractual obligations 20 under the Second Agreement. Dkt. No. 1 ¶ 19. For example, in September 2015, Defendant 21

1 Boonkur’s daughter, Christina Boonkur, was listed as a signatory on the agreements at issue in this case. Dkt. 22 No.1-1 at 2 and 8. However, she is listed as Christina Boonkue in the complaint and on a judgment Plaintiff secured in a New York Court. Dkt. No 1 at 3; Dkt. No. 1-2 at 5. Therefore, the Court will refer to her as Christina Boonkue 23 in this Order. 2 Ms. Boonkue later provided a New York court with affidavits proving her father forged her signature, and a 24 judgment against her was vacated. Id. ¶¶ 31 and 32. 1 Boonkur created a new entity titled Boon Boon LLC (“Boon Boon”). Id. ¶ 20. After forming this 2 entity, Defendant Boonkur allegedly transferred assets and business, including credit-card 3 processing, of Jag & Nasha, to Defendant Boon Boon. Id. Plaintiff alleges that Defendant Boon 4 Boon is essentially a continuation of Jag & Nasha because it: (1) registered under the same

5 business address (id. ¶ 22); and (2) took over the commercial lease previously held by Jag & 6 Nasha, LLC (id. ¶ 23). Defendant Boonkur is the governor of Defendant Boon Boon, and 7 Defendant Boon Boon continues to operate Pattaya Thai. Id. ¶¶ 24, 26. Plaintiff asserts that 8 Defendant Boonkur’s creation of Defendant Boon Boon and subsequent transfer of assets from 9 Jag & Nasha to Defendant Boon Boon was an effort to hinder, delay, and defraud Plaintiff to 10 avoid contractual obligations. Id. ¶¶ 27–28. 11 On March 22, 2016, Plaintiff brought a lawsuit against Jag & Nasha, Boonkur, and 12 Christina Boonkue in the Supreme Court of the State of New York, alleging breach of the 13 Second Agreement Id. ¶ 29. The New York court entered a $64,339.61 money judgment against 14 Boonkur, Christina Boonkue, and Jag & Nasha. Id. ¶ 30. After providing affidavits to the New

15 York court showing that Boonkur had forged her signature, the judgment against Christina 16 Boonkue was vacated. Id. ¶¶ 31 and 32. Neither Jag & Nasha nor Boonkur has satisfied the New 17 York judgment. Id. ¶ 33 18 On February 26, 2025, Plaintiff filed a petition to domesticate the New York judgment in 19 Thurston County Superior Court in Washington. Id. ¶ 36. Plaintiff asserts the New York 20 judgment is binding in Washington pursuant to the Washington Uniform Enforcement of Foreign 21 Judgments Act (“UEFJA”), Chapter 6.36 RCW. Id. ¶ 37. Plaintiff has brought the present action 22 seeking a judgment against Defendant Boonkur and Defendant Boon Boon for: “(1) the full 23 amount owing on the New York Judgment, including interest; and (2) the attorney’s fees and

24 costs it has incurred to date in attempting to enforce the New York judgment.” Id. ¶ 38. In total, 1 Plaintiff asserts that Defendant Boonkur owes $224,335.12, stemming from the New York 2 judgment, to include the principal judgment and interest (Dkt. No. 13 at 3), as well as 3 Washington attorney fees and costs incurred while pursuing collection (Dkt. No. 13 at 4). 4 On March 13, 2025, Plaintiff filed the instant civil action against Defendants, alleging

5 breach of contract and unjust enrichment. Dkt. No. 1. On May 14, 2025, Plaintiff served process 6 on Defendant Boonkur and Defendant Boon Boon. Dkt. No. 1-8 (Summons Boonkur); Dkt. 7 No. 1-9 (Summons Boon Boon). Neither Defendant has appeared in this case, and neither has 8 answered or otherwise responded to Plaintiff’s complaint. Neither Defendant has participated in 9 this case in any fashion.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Bell Atlantic Corp. v. Twombly
550 U.S. 544 (Supreme Court, 2007)
Ashcroft v. Iqbal
556 U.S. 662 (Supreme Court, 2009)
Jose Luis Pena v. Seguros La Comercial, S.A.
770 F.2d 811 (Ninth Circuit, 1985)
Charles Barnard v. Greg Theobald
721 F.3d 1069 (Ninth Circuit, 2013)
Hein v. Taco Bell, Inc.
803 P.2d 329 (Court of Appeals of Washington, 1991)
Bailie Communications, Ltd. v. Trend Business Systems, Inc.
810 P.2d 12 (Court of Appeals of Washington, 1991)
Bennett v. Sinclair Nav. Co.
33 F. Supp. 14 (E.D. Pennsylvania, 1940)
Pepsico, Inc. v. California Security Cans
238 F. Supp. 2d 1172 (C.D. California, 2002)
Landstar Ranger, Inc. v. PARTH ENTERPRISES, INC.
725 F. Supp. 2d 916 (C.D. California, 2010)
Amini Innovation Corp. v. KTY International Marketing
768 F. Supp. 2d 1049 (C.D. California, 2011)
Young v. Young
191 P.3d 1258 (Washington Supreme Court, 2008)
Daimler AG v. Bauman
134 S. Ct. 746 (Supreme Court, 2014)
State v. Berry
5 P.3d 658 (Washington Supreme Court, 2000)
Young v. Young
164 Wash. 2d 477 (Washington Supreme Court, 2008)

Cite This Page — Counsel Stack

Bluebook (online)
Strategic Funding Source, Inc. d/b/a Kapitus v. Ron Boonkura/k/a Ronnayuth Boonkue and Boon Boon LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/strategic-funding-source-inc-dba-kapitus-v-ron-boonkuraka-ronnayuth-wawd-2025.