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…
U.S. Treasury to allow COVID funds for state, local affordable housing loans
WASHINGTON – The U.S. Treasury said on Wednesday that it will allow state, local and tribal governments more flexibility to use COVID-19 rescue funds to boost the supply of affordable housing, including…
China’s largest policy bank disbursed $27 billion loans for infrastructure stimulus
BEIJING – China’s largest policy bank said on Friday that it had disbursed 181.5 billion yuan ($27 billion) in loans for urban development projects in the first half of the year, and…
U.S. banks take hit on leveraged loans as deals slump, rates rise
By Saeed Azhar and Elizabeth Dilts Marshall NEW YORK – U.S. banks have started taking a hit on their leveraged loans’ exposure as the outlook for dealmaking turns sour amid rising interest…
Philippines Marcos wants to renegotiate loans on $4.9 billion China-backed rail projects
MANILA – Philippine President Ferdinand Marcos Jr ordered the transport ministry to renegotiate loan agreements struck by his predecessor with China for railway projects worth $4.90 billion, an official said on Saturday.…
Coweta Man who Fraudulently Obtained Almost $200,000 in Loans from the Small Business Administration Pleads Guilty
A Coweta man who received $192,071 from the Small Business Administration after fraudulently applying for an Economic Injury Disaster Loan (EDIL) and a Paycheck Protection Program (PPP) loan pleaded guilty in federal…
Fort Stewart soldier admits guilt in prolific fraud scheme targeting COVID-19 relief programs, student loans
SAVANNAH, GA: A U.S. Army soldier stationed at Fort Stewart awaits sentencing after admitting she led a “prolific fraud scheme” in which she and others illegally raked in millions of dollars from…
Six People Charged with Fraudulently Obtaining Loans Meant To Help Small Businesses During COVID-19 Pandemic
NEWARK, N.J. – Six Essex County, New Jersey, residents were arrested today for scheming to fraudulently obtain Paycheck Protection Program (PPP) loans, U.S. Attorney Philip R. Sellinger announced. Nyan Terry, aka “Racks,”…
Woodford County Man Sentenced to 42 Months for Fraudulently Obtaining COVID Relief Loans
LEXINGTON, Ky. – A Versailles, Ky., man, Randall “Rocky” Blankenship, Jr., 49, was sentenced to 42 months in federal prison on Thursday, by U.S. District Judge Karen C. Caldwell, after pleading guilty…
Turkey’s banking watchdog eases regulations on lira loans to FX-rich firms
ISTANBUL – Turkey’s BDDK banking watchdog on Thursday eased some of the regulations that restricted FX-rich companies from obtaining Turkish lira loans. A decision published on the BDDK’s website showed that it…
Democrat Senate Candidate With Massive College Debt Supports Waiving Away Student Loans
Democrat Senate Candidate With Massive College Debt Supports Waiving Away Student Loans Gabe Kaminsky on July 6, 2022 A newly filed financial disclosure shows Democratic Arkansas Senate candidate Natalie James has between…
Biden Admin Unveils Proposal To Make It Easier For The Gov’t To Wipe Away Student Loans
Biden Admin Unveils Proposal To Make It Easier For The Gov’t To Wipe Away Student Loans Reagan Reese on July 6, 2022 The Biden administration unveiled a new plan July 6 to…
Australia’s big banks hike fixed-rate home loans amid rising interest rates
By Byron Kaye SYDNEY – Two of Australia’s biggest home lenders jacked up fixed-rate home loans in line with increases to their own borrowing costs, spokespeople told Reuters, adding to pressure on…
Camden County Woman Admits Fraudulently Obtaining 30 Loans Meant to Help Small Businesses During COVID-19 Pandemic
CAMDEN, N.J. – A Camden County, New Jersey, resident today admitted conspiring to fraudulently obtain 30 Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL) totaling more than $3 million,…
Former Warren County Businessman Admits Fraudulently Obtaining $1.8 Million in COVID-19 Loans Meant for Small Businesses
NEWARK, N.J. – A Warren County, New Jersey, businessman today admitted fraudulently obtaining nearly $1.8 million in federal Paycheck Protection Program (PPP) loans, U.S. Attorney Philip R. Sellinger and Assistant Attorney General…
Four Plead Guilty to Obtaining Nearly $5 Million in Fraudulent PPP Loans
Charleston, South Carolina — Lori Hammond, 53 of Summerville, Catherine (“Cassie”) Needham, 36, of Manning, Jontrell Wright, 35, of Holly Hill, and Christopher Conrad, 39, of Holly Hill, have all pleaded guilty…
LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans
By Dietrich Knauth (Reuters) – LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve $2.75 billion in new loans to fund…
China’s May new bank loans surge 1.89 trln yuan, much stronger than forecasts
BEIJING – Chinese banks extended 1.89 trillion yuan ($282.62 billion) in new yuan loans in May, rebounding sharply from April and beating analysts’ expectations as policymakers try to reverse a sharp, COVID-induced…
China’s May new yuan loans seen rebounding on central bank support -Reuters poll
BEIJING – China’s new yuan loans likely rebounded sharply in May after a drop in April, a Reuters poll showed, as the central bank ratchets up policy support for the slowing economy.…
Grand Jury Charges Memphis Woman Who Allegedly Bought Maserati Luxury Automobile and Other Personal Items with Fraudulently Obtained Paycheck Protection Loans
Memphis, TN – A Memphis woman was charged for her role in a fraudulent scheme to obtain thousands of dollars in federal Paycheck Protection Program (PPP) loans for herself and others. Joseph…
Orange County Man Agrees to Plead Guilty to Federal Charges for Obtaining More Than $5 Million in COVID Loans for Sham Companies
LOS ANGELES – An Orange County man has agreed to plead guilty to federal criminal charges that he fraudulently obtained more than $5 million in COVID-relief loans for three sham companies.…
Orange County Man Agrees to Plead Guilty to Federal Charges for Obtaining More Than $5 Million in COVID Loans for Sham Companies
LOS ANGELES – An Orange County man has agreed to plead guilty to federal criminal charges that he fraudulently obtained more than $5 million in COVID-relief loans for three sham companies.…
U.S. to cancel all remaining student loans used for bankrupt Corinthian Colleges
By Andrea Shalal WASHINGTON -The U.S. Department of Education on Wednesday said it will cancel all remaining federal student loans used to attend any campus of for-profit Corinthian Colleges Inc, which shut…
White House says canceling student loans wouldn’t drive up inflation much
WASHINGTON – The short-term impact on inflation of a possible decision by U.S. President Joe Biden to cancel some student loans is likely to be small, a top aide said on Tuesday.…
Bank Ceo Convicted For Taking Bribes In Connection With Loans Guaranteed By The Small Business Administration
Damian Williams, the United States Attorney for the Southern District of New York, announced today the conviction of EDWARD SHIN, then-CEO of a Pennsylvania-based bank (the “Bank”), for taking bribes in connection…
Northern Virginia Resident Settles Allegations of Fraudulently Obtaining Paycheck Protection Program Loans
ALEXANDRIA, Va. – Latifa Brooks, a resident of McLean, has agreed to pay $107,347 to settle a civil fraud case alleging that she fraudulently applied for and received two Paycheck Protection Program…
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