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PPP Fraud Enforcement Update: Recent Convictions Signal Ongoing Federal Crackdown
Federal prosecutors continue their aggressive pursuit of Paycheck Protection Program (PPP) fraud, with two recent high-profile convictions demonstrating that the Department of Justice remains committed to holding fraudsters accountable nearly five years after the pandemic began.
Staff Writer
3 days ago4 min read
"Yo Homie! The MCAs are crankin!", new SEC complaint shows
The Securities and Exchange Commission has filed a complaint in the Nevada District Court against two men for what amounts to a Ponzi scheme very similar to the MJ Capital case we covered last year in Miami Federal Court.
Shane Mahabir
May 234 min read
SBA Introduces New Anti-Fraud Measures: Key Points and What You Need to Know
The SBA is taking steps to strengthen the integrity of its loan programs with the implementation of new anti-fraud measures. These changes are being introduced with the stated support of the Department of Government Efficiency.
Staff Writer
Apr 143 min read
Inside Johanna Michely Garcia's sentencing hearing
As the sentencing hearing of former CEO of MJ Capital Johanna Michele Garcia began, I looked around at the people in the courtroom wondering
Shane Mahabir
Dec 3, 20241 min read
Ex-Eagles RB Faces 50 Years for Alleged COVID-19 Loan Schemes
Smallwood, who was part of the Eagles' Super Bowl-winning team, is accused of submitting fraudulent applications to both the Economic...
Staff Writer
Nov 24, 20241 min read
Judgment Day: $186 million judgment in MJ Capital case
The case against defendant Johanna Michely Garcia, who was the CEO of MJ Capital and several other entities, has crossed its last major...
Shane Mahabir
Nov 11, 20242 min read
Indicted: 5 counts of wire fraud for Kris Roglieri
On Thursday he was finally indicted by a Federal grand jury on 5 counts of wire fraud related to the deposit of $5 million he received...
Shane Mahabir
Sep 20, 20241 min read
13.6% Surge in Small Business Lending Scams
Small business lending fraud experienced a significant surge in 2023, with a 13.6% increase compared to the previous year
Staff Writer
Sep 9, 20242 min read
Par Funding Case: Investors to Receive Partial Reimbursement
A significant development in the long-running Par Funding case. According to reports, investors in the Philadelphia-based loan company...
Shane Mahabir
Aug 28, 20241 min read
The SBA Loan Nightmare: Joseph Carpenter's Story
They put the burden of proof on the person they're accusing of having the loan.
Staff Writer
Aug 26, 20243 min read
Johanna Michely Garcia changed her plea in Ponzi scheme case
A handcuffed Johanna Michely Garcia clad in her brown jumpsuit sat with her two attorneys in a Miami Federal courthouse opposite prosecutors
Shane Mahabir
Jul 16, 20243 min read
Johanna Michely Garcia ready to change plea in $200M MJ Capital fraud case
The MJ Capital saga is winding its way through the court system with the latest updates from Johanna Garcia's case in late June being a...
Shane Mahabir
Jul 1, 20242 min read
Ex-IRS Officer and Brother Sentenced for Stealing Millions in COVID-19 Relief Funds
A former IRS officer and his brother have been sentenced to prison for their role in a multi-million dollar scheme to steal COVID-19 relief
Staff Writer
May 20, 20242 min read
Beyond PPP Fraud: Lessons from an Equipment Finance Scheme
Maryland man's recent guilty plea to defrauding both programs sheds light on a lesser-known but persistent issue:Â equipment financing fraud
Staff Writer
May 5, 20242 min read
Latest Sentencing in Caymus Funding Fraud Case
The group obtained funding from Caymus Funding, Inc. by supplying fake vendor accounts and false bank records.
Funder Intel Staff
Jan 5, 20242 min read
Unmasking Fraud in Commercial Finance Loans
The digital age has ushered in a plethora of tools tailored to combat fraud. A standout among these is software adept at...
Funder Intel Staff
Sep 21, 20232 min read
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