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…
Owasso Man Sentenced to 4 Years in Prison for Applying for Paycheck Protection Program Loans under False Pretenses
An Owasso man who fraudulently applied for Paycheck Protection Program loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act was sentenced Monday in federal…
Black Knight’s First Look: Mortgage Delinquencies Hit Yet Another Record Low in April, Driven by Continued Improvement Among Seriously Past-Due Loans
The national delinquency rate fell to 2.80% in April, down four basis points from March, hitting a new record low for the second consecutive month Overall delinquencies are down nearly 40% from…
New Jersey Postal Worker Gets Three Years in Prison for Fraudulent COVID-19 Loans
NEWARK, N.J. – A female postal worker has been sentenced to three years in prison for stealing checkbooks and credit cards from the mail while employed as a U.S. Postal Service clerk…
Former Union County Postal Employee Sentenced to Three Years in Prison for Conspiring to Commit Bank Fraud and Fraudulently Attempting to Obtain SBA Loans
NEWARK, N.J. – An Essex County, New Jersey, woman was sentenced today to 36 months in prison for stealing checkbooks and credit cards from the mail while employed as a U.S. Postal…
EU to offer Ukraine new loans to plug immediate needs
By Francesco Guarascio BRUSSELS – The European Commission is set to propose on Wednesday a new package of financial aid to Ukraine including new loans to provide immediate liquidity to Kyiv and…
Analysis: Leveraged loans hit turbulence, but investors still see long-term outperformance
By Davide Barbuscia NEW YORK – U.S. loans have outperformed other debt instruments this year because of the protection they offer from rising interest rates, but a sharp deterioration in financial markets…
Orange County Man Sentenced to 2½ Years in Federal Prison for Fraudulently Obtaining $1.5 Million in COVID-Relief Loans
SANTA ANA, California – An Orange County man was sentenced today to 30 months in federal prison for fraudulently obtaining more than $1.5 million in Paycheck Protection Program (PPP) COVID-relief loans…
China’s April new yuan loans seen falling as demand weakens-Reuters Poll
BEIJING – China’s new yuan loans are expected to have dropped in April after a rebound in March as credit demand weakened, a Reuters poll showed, even as the central bank keeps…
Liberty County Man and Woman Behind My Buddy Loans Guilty of Fraud Related to COVID Relief
TEXARKANA, Texas– A Cleveland, Texas man and woman have pleaded guilty to wire fraud violations in the Eastern District of Texas, announced U.S. Attorney Brit Featherston today. Clifton Pape, 47, and Sally…
White House seeks $500 million for farmers to grow more wheat, pay for market loans
By Leah Douglas and P.J. Huffstutter WASHINGTON – The Biden administration is asking Congress to approve $500 million for the farm sector, in a bid to woo U.S. wheat producers to double-crop…
Santa Clarita Man Sentenced to Nearly 3½ Years in Federal Prison for Fraudulently Obtaining COVID-Relief Loans
LOS ANGELES – A Santa Clarita man was sentenced today to 41 months in federal prison for attempting to steal millions of dollars in Paycheck Protection Program (PPP) COVID-relief loans for…
Fifth Defendant Pleads Guilty To Scheme To Fraudulently Obtain Over $30 Million In Covid-Relief Loans
Damian Williams, the United States Attorney for the Southern District of New York, announced that ALVIN MAXWELL pled guilty today to one count of conspiracy to commit wire fraud in connection with…
Germany’s Bundesbank warns over bank loans to hot property market -report
BERLIN – Germany’s Bundesbank is worried about banks lending to overextended buyers in an overheated property market and reserves the right to impose additional curbs, board director Joachim Wuermeling was quoted as…
Baltimore Man Admits to Fraudulently Obtaining Cares Act Paycheck Protection Plan Loans While on Probation and Pre-Trial Release and Defrauding Businesses of Over $1,000,000
Baltimore, Maryland –Keon Ball, age 45, of Baltimore, Maryland, pleaded guilty today to wire fraud conspiracy and aggravated identity theft in relation to multiple identity theft schemes and fraud schemes—including schemes conducted…
Greece pays off final tranches of IMF loans
ATHENS – Greece has paid off the final tranches of bailout loans owed to the International Monetary Fund earlier than expected, the finance ministry said on Monday. Greece has received three international…
Man Pleads Guilty To Lying To Get $1.2 Million COVID-19 Relief Loans
Man Pleads Guilty To Lying To Get $1.2 Million COVID-19 Relief Loans Mary Rose Corkery on February 24, 2021 A 46-year-old Wisconsin man pleaded guilty on Tuesday fraudulently obtaining more than $1.2…
East Providence Man Alleged to Have Fraudulently Applied for Eight COVID-Relief Business Loans
PROVIDENCE, R.I. – An East Providence man made an initial appearance in federal court in Providence today on charges that he filed eight fraudulent loan applications seeking more than $337,000 in Small…
World Bank approves $830 million in loans to Colombia
BOGOTA – Colombia will receive two loans totalling $830 million from the World Bank to fund COVID-19 pandemic recovery and education efforts, the country’s government and the bank said on Thursday. “Through…
ECB to tighten banks’ access to loans after pandemic-era largesse
FRANKFURT – The European Central Bank will tighten banks’ access to its liquidity from July by phasing out exceptionally easy collateral rules introduced at the onset of the coronavirus pandemic, the ECB…
Michigan Man Charged With Using $1 million in Covid-Relief Loans To Purchase Seaview Condominium in Beirut, Lebanon
DETROIT, MI – A Dearborn Heights man was arrested today in connection with a wire fraud and money laundering scheme involving more than $1 million Economic Injury Disaster Loans. United States Attorney Dawn…
Two Downtown Los Angeles Residents Arrested on Complaint Alleging They Fraudulently Obtained $300,000 in COVID-Relief Loans
LOS ANGELES – Two downtown Los Angeles residents were arrested today on a federal criminal complaint alleging they fraudulently obtained more than $300,000 – and attempted to obtain an additional $1…
Italy’s Intesa puts $6.3 billion of Russia, Ukraine loans under microscope
By Valentina Za MILAN – Intesa Sanpaolo said on Wednesday that its loans to Russian and Ukrainian clients amounted to 5.1 billion euros net of guarantees from credit export agencies, which is…
China aims to boost big-bank loans to small business over 40% in 2022
BEIJING/SHANGHAI – China aims to boost lending to small businesses from large commercial banks by over 40% this year, Premier Li Keqiang told the annual meeting of parliament on Saturday. The government…
Dutch bank ING says $770 million in loans affected by Russian sanctions
AMSTERDAM – Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) in outstanding loans were “affected” by “new…
Irvine Man Arrested on Charge Alleging He Fraudulently Obtained More Than $5 Million in COVID-Relief Loans for Sham Companies
LOS ANGELES – An Orange County man who fled after authorities searched his residence on Wednesday is in federal custody today after he was arrested at the U.S.-Mexico border and charged…
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