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…
Hull Man Sentenced for Fraudulently Submitting CARES Act Small Business Loans
BOSTON – A Hull man was sentenced today in federal court in Boston in connection with submitting fraudulent documentation in order to receive CARES Act small business loans. Shane Spierdowis, 31, was…
UK says it is ready to guarantee up to $500 million loans to support Ukraine
LONDON – Britain is ready to guarantee up to $500 million (367.62 million pounds) in loans to support Ukraine and help mitigate the economic effects of Russian aggression, the foreign office said…
Thai banks’ bad loans at 2.98% of lending at end-December
BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, helped by measures to support debtors, the…
Twin Brothers Facing Federal Charges for Allegedly Obtaining Over $1 Million in Covid-19 Loans and Unemployment Insurance Benefits
Greenbelt, Maryland – A federal criminal complaint has been filed charging Jerry Phillips, age 24, of Temple Hills, Maryland, for the federal charges of wire fraud and aggravated identity theft; and Jaleel…
In China’s Zhejiang, college grads showered with loans to start businesses
BEIJING – Enterprising Chinese college graduates will be able to borrow up to half a million yuan ($78,900) in the wealthy province of Zhejiang to start a business, and if it goes…
U.S. Treasury rejects push by lawmakers to end IMF surcharges on some loans
By Andrea Shalal WASHINGTON – The U.S. Treasury Department on Friday rejected an appeal by 18 Democratic lawmakers who want the International Monetary Fund (IMF) to end its practice of charging mostly…
Arizona Man Sentenced to 32 Months in Federal Prison for Fraudulent Applications for Economic Injury Disaster Loans
DENVER – The U.S. Attorney’s Office for the District of Colorado announced that Michael Lain, 56, of Queen Creek, Arizona, was sentenced to 32 months in federal prison for his role in…
California Man Admits Laundering Money from Fraudulent SBA Loans and Business Email Compromise Fraud Scheme Targeting Law Firm
NEWARK, N.J. – A California man pleaded guilty today to laundering money from fraudulently obtained Small Business Association (SBA) loans and from a law firm that was the victim of a business…
Bank CEO Stephen M. Calk Sentenced To One Year And One Day For Corruptly Soliciting A Presidential Administration Position In Exchange For Approving $16 Million In Loans
Damian Williams, the United States Attorney for the Southern District of New York, announced today that STEPHEN M. CALK was sentenced to one year and one day of imprisonment for corruptly using…
UniCredit says only 1 billion euros of loans still under moratorium
MILAN – UniCredit has only 1 billion euros ($1.1 billion) in loans under moratorium, all of which in Italy, and default rates on debt where payments were frozen due to COVID-19 so…
Banker sentenced for obtaining hundreds of thousands of dollars in fraudulent loans
SAVANNAH, GA: A former commercial loan officer at a Chatham County bank was sentenced to prison after admitting he obtained hundreds of thousands of dollars in fraudulent commercial loans using another person’s…
Temple Terrace Woman Pleads Guilty To Bank Fraud Involving COVID-19 Paycheck Protection Program Loans
Tampa, Florida – United States Attorney Roger B. Handberg announces that Bridgitte Keim (52, Temple Terrace) has pleaded guilty to bank fraud. Keim faces a maximum penalty of 30 years in federal…
Taylorsville Woman Charged with Making False Statements to Obtain Millions of Dollars in PPP Loans.
SALT LAKE CITY – Allison Marie Baver, 41, of Taylorsville, has been charged with nine federal criminal counts related to making false statements on loan applications to obtain funds obtained through the…
New Jersey Republicans push for more transparency, information on student loans
Legislation sponsored by Senate Republican Leader Tom Kean that requires institutions of higher education to provide information on federal and state student loan repayment programs has been approved by the New Jersey…
Former Chief Lending Officer of New Jersey Bank Sentenced to 18 Months in Prison for Making False Statements to United States to Secure Federal Guarantees on Loans
TRENTON, N.J. – A Pennsylvania man was sentenced today to 18 months in prison for securing a federal guarantee on certain loans by making false statements to the Small Business Administration (SBA)…
Owasso Man Convicted 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 convicted Thursday by a…
Husband and Wife Team, and Their Inmate Accomplice, Charged with Fraudulently Obtaining Pandemic Unemployment Assistance Funds and Economic Injury Disaster Loans
PHILADELPHIA – Acting United States Attorney Jennifer Arbittier Williams announced that Brandon Segers, 33, and Dionne Segers, 32, both of Philadelphia, PA, and their inmate accomplice, Michael Matthews, 42, of Richmond, VA,…
Hull Man Pleads Guilty to Fraud Charge Arising from Fraudulent CARES Act Small Business Loans
BOSTON – A Hull man pleaded guilty today in federal court in Boston in connection with submitting fraudulent documentation in order to receive CARES Act small business loans. Shane Spierdowis, 31,…
Police Officer Indicted on Federal Bank Fraud Charge Involving Paycheck Protection Program Loans
WASHINGTON – A Metropolitan Police Department (MPD) Officer was indicted today on a federal bank fraud charge stemming from a scheme involving $18,345 in Paycheck Protection…
Rhode Island Man Who Sought $4.7 Million in COVID Relief Loans Sentenced for Defrauding CARES Act Paycheck Protection Program
PROVIDENCE – For the second time in one week, a defendant has been sentenced in U.S. District Court in Providence, RI, to a significant term of incarceration in federal prison for defrauding…
Feds forgive FEMA loans to Toms River, Berkeley, others hit by Superstorm Sandy
TRENTON, NJ – The New Jersey Department of Community Affairs (DCA) commends the federal government for its total forgiveness of FEMA Community Disaster Loans (CDL) awarded to local governments and boards of…
Catoosa Woman Halts Jury Trial and Instead Pleads Guilty to Fraudulently Applying for $1M in Loans
A Catoosa woman halted her own jury trial and pleaded guilty Wednesday to a 28-count indictment charging her, in part, with submitting false loan applications totaling $1 million, announced Acting U.S. Attorney…
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