Three Northeastern Iowa family members were sentenced recently in federal court for their respective roles in crop loan and bankruptcy fraud schemes. Aimee Lynn Rosenbaum, formerly known as Aimee Lynn …
Topic:
Loan
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STOCKHOLM – Swedish banking group Swedbank on Thursday reported slightly better-than-expected net profit for the quarter but said a potential interruption of Russian gas deliveries to Europe would have an …
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WASHINGTON – The International Monetary Fund said on Monday that its staff reached an agreement with Kenyan authorities on policies to complete the third review of Kenya’s loan program, clearing …
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Chinese National Sentenced To 52 Months For $20 Million Covid-19 Pandemic Loan Fraud Scheme
by DOJ PressDamian Williams, the United States Attorney for the Southern District of New York, announced today that MUGE MA, a/k/a “Hummer Mars,” was sentenced to 52 months in prison in connection …
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GreenLake Funds $39,500,000 Loan for Hotel in Cape May, NJ, and Event Center in Randolph, NJ
by Your NewsCAPE MAY, N.J., April 20, 2022 — Los Angeles based GreenLake Asset Management LLC (“GreenLake”) has funded a $39,500,000 acquisition loan for a beachfront hotel in Cape May, NJ, and …
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Biden Admin Announces Massive Expansion Of Student Loan Forgiveness Harry Wilmerding on April 19, 2022 The Biden administration announced Tuesday it will implement a student loan rule change that it …
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Recidivist Fraudster Indicted In Connection With At Least $40 Million Ponzi Scheme, SBA Loan Fraud, And Another Fraud Scheme
by DOJ PressDamian Williams, United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (FBI), …
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Riverside County Man Found Guilty of Fraud for Misusing COVID-Relief Business Loan on Personal Expenses, Including Luxury Cars
by DOJ PressLOS ANGELES – A Riverside County man who purported to own a pothole-repair company was found guilty by a federal jury today of fraud charges for using hundreds of …
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GREAT FALLS — A Cascade woman suspected of fraudulently obtaining federal student financial aid by using the names of other individuals to enroll at the Great Falls College and then …
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Shepherd restaurant owner sentenced for COVID relief fraud; forfeited vintage vehicles bought with business loan aid
by DOJ PressBILLINGS — A Shepherd man who owns the Feedlot Steakhouse in Shepherd was sentenced today to three years of probation, ordered to pay restitution and forfeited vintage vehicles he admitted …
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BERLIN – Germany’s flag carrier Lufthansa said on Friday it had signed a revolving credit facility of 2.0 billion euros ($2.17 billion) with a syndicate of international relationship banks to …
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Biden Admin Extends Student Loan Moratorium Yet Again Kendall Tietz on April 6, 2022 President Joe Biden’s administration announced an extension of the student loan moratorium through August on Wednesday. …
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WASHINGTON – U.S. President Joe Biden said on Wednesday his administration was extending a pause on student loan repayments through Aug. 31 of this year, giving borrowers additional financial support …
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REPORT: Biden Expected To Extend Moratorium On Student Loan Payments Harry Wilmerding on April 5, 2022 President Joe Biden is expected to pause student loan payments through Aug. 31, once …
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ATHENS – Credit servicer doValue Greece, a subsidiary of Italy’s biggest debt recovery firm doValue, said on Tuesday it was awarded a new loan servicing mandate for a 500 million …
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MINNEAPOLIS – A Slayton, Minnesota, man was sentenced to 12 months in prison, three years of supervised release, and $435,517.78 in restitution for converting collateral that secured loans from the …
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WASHINGTON – The International Monetary Fund will initiate discussions with Sri Lankan authorities on a possible loan program in coming days, IMF spokesperson Gerry Rice said on Thursday, as the …
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Leonard C Boyle, United States Attorney for the District of Connecticut, and David Sundberg, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, today …
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HPM Corporation and Owners Accept Responsibility, Agree to Pay Nearly $3 Million in Restitution and Penalties for Fraudulent Covid-19 Relief Loan
by DOJ PressRichland, Washington – Vanessa R. Waldref, the United States Attorney for the Eastern District of Washington, announced today that HPM Corporation (HPMC) and its owners have agreed to pay $2,939,400 …
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By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO/NEW DELHI – Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund …
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Earlier today, in federal court in Central Islip, Konstantinos Zarkadas, a Glen Cove-based medical doctor, was sentenced by United States District Judge Gary R. Brown to 51 months’ imprisonment for …
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MACON, Ga. – A former loan officer convicted of defrauding two agriculture-based financial institutions was sentenced to prison for his crime. William Spigener, III, 33, of Columbus, was sentenced to serve …
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Middlesex County Man Admits $1.6 Million Paycheck Protection Program and Economic Injury Disaster Loan Fraud Scheme
by DOJ PressNEWARK, N.J. – A Middlesex County, New Jersey, man today admitted his role in a scheme to defraud lenders and the Small Business Administration (SBA) by fraudulently obtaining approximately $1.6 …
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JERUSALEM – Cash strapped Israeli airline El Al said on Tuesday it signed a non-binding deal for a $130 million loan from insurer Phoenix Group. Israel’s flag carrier will pay …
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CAMDEN, N.J. – A Camden County, New Jersey, man today admitted fraudulently obtaining a federal Paycheck Protection Program (PPP) loan of $237,500, U.S. Attorney Philip R. Sellinger announced. Cornell McCoy, …