Search results
Results from the WOW.Com Content Network
In June 2022, Blotnick pleaded guilty to wire fraud and money laundering charges associated with claiming $6.8 million in fraudulent Paycheck Protection Program (PPP) loans, and was sentenced to 51 months in prison. [1] [4] [5] [6]
KPMG probed the allegations and cleared the company of systemic fraud, but was unable to refute all the claims. In May 2022, KPMG quit its contract. Adler eventually was unable to repay its debt. In April 2023, it won approval in court, against the opposition of some bondholders, to suspend coupon payments and extend maturities of bonds due in ...
Predatory lending refers to unethical practices conducted by lending organizations during a loan origination process that are unfair, deceptive, or fraudulent. While there are no internationally agreed legal definitions for predatory lending, a 2006 audit report from the office of inspector general of the US Federal Deposit Insurance Corporation (FDIC) broadly defines predatory lending as ...
Joseph participated in a scheme that obtained more than $220,000 through fraudulent loan applications submitted between April 2020 and April 2021, prosecutors said. He was indicted by a federal ...
A Lexington couple committed fraud in applying for more than $350,000 in loans meant to help businesses that suffered as a result of the COVID-19 pandemic, a jury has ruled.
The SBA’s Office of the Inspector General estimated that as much as $4.6 billion worth of fraudulent loans were approved in the first year of the program alone.
Capitec Bank is a South African retail bank and financial services company. [2] As of February 2024 the bank was the largest retail bank in South Africa, based on number of customers, with 120,000 customers opening new accounts per month.
From April 2020 to August 2022, Danoud is alleged to have obtained more than $3.2 million in federal PPP loans on behalf of businesses located in New Jersey by submitting false and fraudulent loan ...