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 …
Tag:
Loan
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ATHENS – Alpha Bank, one of Greece’s four largest lenders, said on Friday it signed a binding agreement to sell a 400 million euro ($407 million) portfolio of unsecured bad …
- Department of Justice Press Releases
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
by DOJ Pressby DOJ PressBaltimore, 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. …
- Department of Justice Press Releases
Second Defendant Pleads Guilty to Multimillion Dollar Tax Fraud Scheme Involving Professional Athletes and a PPP Loan Fraud Scheme
by DOJ Pressby DOJ PressALEXANDRIA, 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 …
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TUNIS – The International Monetary Fund (IMF) said its talks with Tunisian authorities for a staff level agreement on a rescue package would continue “over the coming weeks” as the …
- Financial News
Analysis-Banks’ snubbing of junk-rated loan funds worsens financing logjam
by Reutersby ReutersBy Chibuike Oguh NEW YORK – A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies with weak balance sheets …
- Department of Justice Press Releases
Tarzana Accountant Pleads Guilty to Fraud Charge for Helping Client Fraudulently Obtain $1.2 Million COVID-Related Business Loan
by DOJ Pressby DOJ PressLOS ANGELES – A San Fernando Valley certified public accountant pleaded guilty today to a federal criminal charge for helping a long-time client fraudulently obtain a $1.2 million COVID-19 …
- Department of Justice Press Releases
Woman Pleads Guilty to Multimillion-Dollar COVID-19 Loan Fraud Conspiracy
by DOJ Pressby DOJ PressNEWPORT NEWS, Va. – A Stockbridge, Georgia, woman pleaded guilty yesterday to conspiring with others to submit millions of dollars in fraudulent disaster-related loan applications in connection with the COVID-19 …
- Featured NewsTop HeadlinesUS and World News
Dems Pushing College Loan Forgiveness Owe Massive Sums In Student Debt, Records Show
Dems Pushing College Loan Forgiveness Owe Massive Sums In Student Debt, Records Show Gabe Kaminsky on July 12, 2022 Over a dozen Democratic members of Congress who have supported student …
- Department of Justice Press Releases
Florissant woman admits $828,000 pandemic loan and grant fraud
by DOJ Pressby DOJ PressST. LOUIS – A woman from Florissant pleaded guilty to federal charges Monday and admitted submitting fraudulent applications that triggered $828,813 in loans and grants that were supposed to go …
- Department of Justice Press Releases
Member of $3M COVID-19 Loan Fraud Conspiracy Sentenced
by DOJ Pressby DOJ PressALEXANDRIA, Va. – A McLean man was sentenced today to 33 months in prison for his role in a conspiracy that involved the submission of at least 63 fraudulent loan …
- Department of Justice Press Releases
Hampton Man Sentenced for COVID-19 Loan Fraud While in BOP Halfway House
by DOJ Pressby DOJ PressNEWPORT NEWS, Va. – A Hampton man was sentenced today to 27 months in prison for falsely applying for loans intended to grant COVID-19 relief to small businesses. According to …
- Top HeadlinesUS and World News
U.S. says defrauded students could receive loan forgiveness
by Reutersby ReutersBy Kanishka Singh WASHINGTON – The U.S. government wants to simplify the student loan forgiveness process for defrauded students and make it easier for public servants to get the debt …
- Department of Justice Press Releases
Former Bangor Business Owner Pleads Guilty to Paycheck Protection Plan (PPP) Loan Fraud
by DOJ Pressby DOJ PressBANGOR, Maine: A Skowhegan man pleaded guilty today in federal court to a bank fraud scheme arising from his applications for Paycheck Protection Plan (PPP) loans, U.S. Attorney Darcie N. …
- Department of Justice Press Releases
California Man Pleads Guilty For $3.6 Million Paycheck Protection Program And Economic Injury Disaster Loan Fraud
by DOJ Pressby DOJ PressSAN FRANCISO –Lebnitz Tran pleaded guilty to criminal charges related to a scheme to submit fraudulent loan applications seeking millions of dollars in Paycheck Protection Program (PPP) and Economic Injury …
- Financial News
U.S.-dollar Libor transition enters critical phase for leveraged loan market
by Reutersby ReutersBy John McCrank NEW YORK – The one-year countdown began on Thursday to the end of the publication of the tarnished London Interbank Offer Rate, or Libor, for existing U.S. …
- Department of Justice Press Releases
Baltimore City Man Facing Federal Charges for Allegedly Submitting Fraudulent Covid-19 Cares Act Relief Loan Applications and Stealing the Identity of a Tax Preparer
by DOJ Pressby DOJ PressBaltimore, Maryland – A federal grand jury has returned an indictment charging Dana Lamar Antonio Hayes, Jr., age 37, of Baltimore, Maryland, on the federal charges of wire fraud, money …
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By David Lawder WASHINGTON – The International Monetary Fund said on Wednesday its management had approved a staff-monitored program for Haiti to establish a track record of policy implementation that …
- Financial News
Telecom Italia to get state guarantee for $2.1 billion loan – sources
by Reutersby ReutersBy Giuseppe Fonte and Valentina Za ROME – The Italian Treasury is set to guarantee a 2 billion euro ($2.1 billion) bank credit line for Telecom Italia (TIM), three sources …
- Department of Justice Press Releases
Former Owner of Illicit Massage Parlor Sentenced for Submitting Fraudulent COVID-Relief Loan Applications
by DOJ Pressby DOJ PressBOSTON – The former owner of a massage parlor pleaded guilty yesterday in connection with filing fraudulent applications for pandemic-related loans under the Coronavirus Aid, Relief and Economic Security (CARES) …
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By Tarek Amara TUNIS – The International Monetary Fund said on Wednesday it welcomed an economic reform program announced by the Tunisian government this month and is ready to start …
- Featured NewsTop HeadlinesUS and World News
House GOP Demands Investigation Into Biden Staffers Who Could Benefit From Student Loan Forgiveness
House GOP Demands Investigation Into Biden Staffers Who Could Benefit From Student Loan Forgiveness Gabe Kaminsky on June 17, 2022 House GOP members are calling on the Office of Government …
- Department of Justice Press Releases
St. Louis woman admits $291,000 pandemic loan fraud
by DOJ Pressby DOJ PressST. LOUIS – A woman from St. Louis on Friday admitted fraudulently obtaining a $291,000 loan meant to help businesses survive the COVID-19 pandemic. Porshia L. Thomas, 31, pleaded guilty …
- Department of Justice Press Releases
Couple who Fraudulently Obtained Almost $743,000 in Paycheck Protection Program Loan Scheme Pleads Guilty in Federal Court
by DOJ Pressby DOJ PressA Tulsa couple who fraudulently applied for approximately $2.7 million in Paycheck Protection Program Loans pleaded guilty this week in federal court, announced U.S. Attorney Clint Johnson. Paycheck Protection Program …
- Department of Justice Press Releases
Leicester Man Sentenced to Nearly Three Years in Prison for Unemployment and Loan Fraud Schemes Related to COVID-19 Pandemic
by DOJ Pressby DOJ PressBOSTON – A Leicester man was sentenced yesterday in federal court in Worcester for his involvement in fraud schemes affecting the United States Small Business Administration (SBA) Loan and Pandemic …