New York man charged with wire fraud and identity theft in $150K loan scheme
NEWARK, N.J. — A New York City man has been charged with wire fraud and aggravated identity theft for allegedly using stolen personal information to obtain fraudulent business loans totaling $150,000, federal…
Settlement Reached: AG Henry Addresses Illegal Loan Practices by California-Based Lender
HARRISBURG, PA — Attorney General Michelle Henry has announced a significant settlement with SoLo Funds, Inc., a California-based lending platform accused of deceptive loan practices. The agreement addresses issues surrounding the company’s…
Milwaukee Public Relations Firm to Pay $2.25 Million to Resolve Allegations It Wrongfully Received a Paycheck Protection Program Loan
Gregory J. Haanstad, United States Attorney for the Eastern District of Wisconsin, announced that on October 13, 2022, BVK, Inc., agreed to pay $2.25 million to settle a claim arising from its…
Somerset County Woman Admits $1 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme
NEWARK, N.J. – A Somerset County, New Jersey, woman today admitted fraudulently obtaining over $1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL), U.S. Attorney Philip…
Somerset County Woman Admits $1 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme
NEWARK, N.J. – A Somerset County, New Jersey, woman today admitted fraudulently obtaining over $1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL), U.S. Attorney Philip…
Baltimore Man Sentenced to Over Four Years in Federal Prison for Submitting Over $660,000 in Fraudulent Cares Act Loan Applications, a Wire Fraud Conspiracy And Aggravated Identity Theft
Baltimore, Maryland – U.S. District Judge Deborah K. Chasanow sentenced Robert Hopkins IV, age 37, of Baltimore, Maryland to 51 months in federal prison, followed by 3 years of supervised release, for…
St. Peters woman accused of $200,000 pandemic loan fraud
ST. LOUIS – A grand jury on Wednesday indicted a woman from St. Peters, Missouri on charges accusing her of committing a $204,095 fraud involving a loan program intended for small businesses…
Jury Convicts San Francisco Broker And Investor Victor Makras For Fraud In Real Estate Loan
SAN FRANCISCO – A federal jury today convicted Victor Makras, a prominent San Francisco real estate broker and investor, of making false statements to a bank and of bank fraud tied to…
Mortgage Loan Officer and Real Estate Agents Charged in Mortgage Fraud Scheme in Central Valley
FRESNO, Calif. — A federal grand jury returned an indictment against German Antonio Lopez-Velasquez, 55, of Modesto; Marko Antonio Lopez, 27, of Modesto; and Lisa Marie Santos, 48, of Long Beach, charging…
Florida Man Charged with Fraudulently Obtaining $1 Million in Unemployment Benefits and COVID-19 Loan
NEWARK, N.J. – A Florida man was arrested for allegedly obtaining more than $1 million in government benefits, U.S. Attorney Philip R. Sellinger announced today. Michael Blanc, 33, of Miami, Florida, appeared…
Albuquerque man sentenced to more than 5 years in prison for auto loan fraud schemes exceeding $1.5 million
ALBUQUERQUE, N.M. – Alexander M.M. Uballez, United States Attorney for the District of New Mexico, announced today that Rick Benavidez, 47, of Albuquerque, was sentenced in federal court to five years and…
Former JetBlue Employee Pleads Guilty to COVID-19 Loan Fraud
Earlier today, in federal court in Brooklyn, Keily Nunez, a former JetBlue Airways employee, pleaded guilty to conspiracy to commit wire fraud in connection with false statements Nunez made to obtain loans…
Barred Broker Dealer Charged with $1 Million Investment Scheme and Fraudulently Obtaining $96,000 Cares Act Loan
NEWARK, N.J. – A Monmouth County, New Jersey, man was charged today with defrauding victims in an investment fraud scheme out of at least $1 million, and with fraudulently obtaining a loan…
St. Charles County man admits pandemic loan fraud
ST. LOUIS – A man from O’Fallon, Missouri on Wednesday admitted fraudulently obtaining a $54,900 loan meant to aid businesses affected by the coronavirus pandemic. David Smiley, 39, pleaded guilty in front…
‘Conflict Of Interest’: Daily Caller Reporter Tells Tucker How Congress Could Benefit From Student Loan Forgiveness
‘Conflict Of Interest’: Daily Caller Reporter Tells Tucker How Congress Could Benefit From Student Loan Forgiveness Harold Hutchison on July 29, 2022 A Daily Caller News Foundation reporter told Fox News host…
Idaho Man Sentenced for Misusing National Health Service Corps Loan Repayment Funds
POCATELLO – Steven L. Young, an Idaho man already incarcerated in Utah on unrelated charges, was ordered to repay $63,192.96 and sentenced to 15 months (which he has already served), and three…
Biden Admin Delays Fix For Broken Student Loan Program
Biden Admin Delays Fix For Broken Student Loan Program Reagan Reese on July 25, 2022 The Department of Education (DOE) is delaying its plan to fix a student-loan forgiveness program that often…
Florida Man Charged with $1.6 Million Cares Act Loan Fraud Scheme
NEWARK, N.J. – A Florida man will make his initial court appearance today on charges related to his role in a scheme to fraudulently obtain over $1.6 million in federal Paycheck Protection…
Florida Man Charged with $1.6 Million Cares Act Loan Fraud Scheme
NEWARK, N.J. – A Florida man will make his initial court appearance today on charges related to his role in a scheme to fraudulently obtain over $1.6 million in federal Paycheck Protection…
Brother of Baltimore Business Owner Admits to Falsely Claiming His Brother’s Bank Balance and Activity as His Own in Order to Obtain a Federal Housing Administration Loan
Baltimore, Maryland – Calvin Abramowitz, age 48, of Lakewood, New Jersey, pleaded guilty today to bank fraud. As part of his guilty plea, Abramowitz has been ordered to pay $209,036. The guilty…
Second Defendant Pleads Guilty to Multimillion Dollar Tax Fraud Scheme Involving Professional Athletes and a PPP Loan Fraud Scheme
ALEXANDRIA, Va. – A California man pleaded guilty today to conspiring with others in separate fraud schemes to defraud the IRS and the Paycheck Protection Program (PPP), a federal loans initiative designed…