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Mug Shot Monday — Small Business Loan Broker Upfront Fee Scams Still Work?

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December 15, 2014

By Bob Coleman
Editor, Coleman Report Afternoon Brief

courtroom2Sadly, yes.

Says our favorite Special Inspector General for TARP, Christy Romero.

Leigh Fiske and Michael Ramdat owned Corporate Funding Solutions and solicited clients over the Internet.

When the FBI knocked on the door, the pair quickly folded their cards saying they never intended to provide any services to their “clients.”

CFS promised to obtain credit lines for small businesses, of course for an upfront fee.

Thirty victims and $433,000 later, the feds shut them down.

Leigh gets a little over three years in the slammer. Michael finds out his fate Wednesday.

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