Philadelphia Bank Manager, New York Accomplice Nabbed for 38 False COVID-19 Loans
CAMDEN, NJ – Tommy Hawkins, a former branch manager of a national bank, and Sieff Robert Sargeant, a New York resident, have pleaded guilty to charges related to a multi-state COVID-19 relief…
Former Broward Sheriff’s Office Lieutenant Charged with Fraud Over PPP Loans
Miami, FL – A former lieutenant of the Broward Sheriff’s Office Department of Detention stands accused of wire fraud, involving the illicit acquisition of approximately $167,750 in Paycheck Protection Program (PPP) loans.…
A Staggering Number Of Borrowers Missed Their First Payment On Student Loans Since Pandemic Freeze Ended
A Staggering Number Of Borrowers Missed Their First Payment On Student Loans Since Pandemic Freeze Ended Brandon Poulter on December 16, 2023 Nearly 40% of student loan borrowers missed their first payment…
Texas Man Pleads Guilty to Fraudulently Obtaining more than $400,000 in COVID-19 Economic Assistance Loans
Jackson, Miss. – A Texas man pleaded guilty to illegally obtaining more than $400,000 in COVID-19 economic assistance loans. According to court documents, Ganiyu Abayomi Jimoh, 30, of Houston, Texas, conspired…
Baltimore Man Pleads Guilty to a Scheme to Fraudulently Obtain Almost $18 Million in COVID-19 CARES Act Loans
Baltimore, Maryland – Ahmed Sary, age 45, of Baltimore, Maryland, pleaded guilty today to conspiracy to commit wire fraud affecting financial institutions, relating to the submission of more than $17.9 million in…
North Jersey Scammer Defrauded Banks Out of $1 Million in Bogus Loans
NEWARK, N.J. – Cabral Simpson, a 46-year-old man from Orange, New Jersey, pleaded guilty to conspiring to commit wire fraud. U.S. Attorney Philip R. Sellinger announced the plea, which was made before…
Trucking Giant Files For Bankruptcy After Receiving Over $700 Million In Gov Loans
Trucking Giant Files For Bankruptcy After Receiving Over $700 Million In Gov Loans Will Kessler on August 7, 2023 Trucking company Yellow filed for Chapter 11 bankruptcy on Sunday after receiving more…
Small Business Admin May Have Lost Over $200B In COVID Loans to Fraudsters, Watchdog Finds
Small Business Admin May Have Lost Over $200B In COVID Loans to Fraudsters, Watchdog Finds Nick Pope on June 27, 2023 The Small Business Administration (SBA) may have lost over $200 billion…
‘Insanity’: New Biden Mortgage Rules Mask ‘True Risk’ Of ‘Bad’ Loans, Experts Say
‘Insanity’: New Biden Mortgage Rules Mask ‘True Risk’ Of ‘Bad’ Loans, Experts Say John Hugh DeMastri on April 29, 2023 An upcoming Biden administration rule could expose taxpayers to financial risks by…
Baltimore Man Pleads Guilty to Federal Charge for Fraudulently Obtaining More Than $1.2 Million in COVID-19 CARES Act Loans
BALTIMORE, MARYLAND – On Friday, Baltimore man Alexander Barabash, 52, pleaded guilty to wire fraud in relation to submitting fraudulent Coronavirus Aid, Relief, and Economic Security (CARES) Act loan applications. Barabash fraudulently…
New Jersey Businessman Sentenced to 36 Months for Fraudulently Obtaining PPP Loans
NEWARK, NJ – Rocco A. Malanga, a 39-year-old businessman from Warren County, New Jersey, has been sentenced on Wednesday to 36 months in prison for fraudulently obtaining nearly $1.8 million in federal…
Michigan’s Largest Teachers Union To Pay Up After Taking Millions In Federal Loans They Weren’t Eligible For
Michigan’s Largest Teachers Union To Pay Up After Taking Millions In Federal Loans They Weren’t Eligible For Reagan Reese on March 7, 2023 Michigan’s largest teachers union and its health insurance affiliate…
New Jersey governor announces zero percent loans for security upgrades at family planning centers
TRENTON, NJ – New Jersey Governor Phil Murphy has announced $5 million in state funding that will allow family planning centers and abortion clinics interest-free loans of up to $100,000 to upgrade…
Texas Man Sentenced To 42 Months In Prison For Role In Scheme To Fraudulently Obtain Over $30 Million In COVID-19 Relief Loans
Damian Williams, the United States Attorney for the Southern District of New York, announced that AMOS MUNDENDI, a/k/a “Mos,” a/k/a “El Ashile Mundi,” was sentenced today in Manhattan federal court by United…
East Providence Man Sentenced for Fraudulently Applying for COVID-Relief Business Loans
PROVIDENCE, R.I. – An East Providence man who submitted eight fraudulent loan applications seeking more than $375,000 in COVID-19 relief business loans guaranteed by the federal Small Business Administration has been sentenced…
Fort Stewart soldier sentenced to prison for prolific fraud scheme targeting COVID-19 relief programs, student loans
SAVANNAH, GA: A U.S. Army soldier stationed at Fort Stewart has been sentenced to federal prison for leading a prolific fraud scheme in which she and others illegally raked in millions of…
Windsor Mill Couple Facing Federal Charges for Allegedly Obtaining and Attempting to Obtain Multiple Fraudulent COVID-19 Cares Act Loans and Fraudulent Unemployment Insurance Benefits
Baltimore, Maryland – A federal criminal complaint has been filed charging Tomeka Glenn, age 46, and Kevin Davis, age 42, both of Windsor Mill, Maryland, for conspiracy to commit wire fraud, relating…
Businesses Still Struggling Under Biden’s Economy As Pandemic Loans Come Due
Businesses Still Struggling Under Biden’s Economy As Pandemic Loans Come Due Bronson Winslow on December 14, 2022 Millions of businesses are worried about their finances after pandemic loan repayments began in October,…
Los Angeles Man Found Guilty of Stealing More Than $150,000 and Attempting to Steal Nearly $1.9 Million More in COVID Business Loans
LOS ANGELES – A downtown Los Angeles man was found guilty today by a jury of federal criminal charges for fraudulently obtaining more than $150,000 – and attempted to obtain an…
Seventeen New York City And State Public Employees Charged With Fraudulently Obtaining Pandemic Relief Loans
Damian Williams, the United States Attorney for the Southern District of New York, Thomas M. Fattorusso, Special Agent in Charge of the New York Field Office of the Internal Revenue Service, Criminal…
Liberty County Man and Woman Behind My Buddy Loans Sentenced for Fraud Related to COVID Relief
TEXARKANA, Texas– A Cleveland, Texas man and woman have been sentenced to federal prison for wire fraud violations in the Eastern District of Texas, announced U.S. Attorney Brit Featherston today. Clifton Pape,…