PPP Fraud
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  1. #1
    Senior Member Reputation points: 338677
    Join Date
    Mar 2015
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    Quote Originally Posted by Michael I View Post
    they starting to go after the smaller loans
    https://www.justice.gov/usao-edmo/pr...mic-loan-fraud
    Wait till you see the news regarding people in the financial services industry that come off as big shots that got caught receiving small amounts of PPP. It's gonna suck getting popped for bank fraud and defrauding the federal government.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  2. #2
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    Irvine, CA
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    Quote Originally Posted by Hedley Lamarr View Post
    Wait till you see the news regarding people in the financial services industry that come off as big shots that got caught receiving small amounts of PPP. It's gonna suck getting popped for bank fraud and defrauding the federal government.
    Yup I know several including my former boss.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

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