Coleman Report
Fraud Friday — CBS Credit Union Manager Indicted for Embezzlement
April 5, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — CBS Credit Union Manager Indicted for Embezzlement After looting more than $40 million over 20 years, the former manager of the CBS Employees Federal Credit Union has been arrested and charged with embezzlement. Edward Rostohar faces felony counts of bank fraud…
Read MoreMain Street Monday – Linda McMahon Prepares to Leave Post as head of the Small Business Administration
April 1, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Linda McMahon Prepares to Leave Post as head of the Small Business Administration Effective April 12, 2019, Linda McMahon will step down. There is speculation that she will be supporting President Trump’s re-election fundraising efforts in the private sector. Here…
Read MoreFraud Friday — “They Got Us,” Feds Allege Kerri Agee Says in Email to Employees to Support $10 Million Loan Fraud Indictments
March 29, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — “They Got Us,” Feds Allege Kerri Agee Says in Email to Employees to Support $10 Million Loan Fraud Indictments A key takeaway in the banc-serv indictments is never assume anything in your email is confidential. Always assume the party you are criticizing, or…
Read MoreFlash Coleman Report Special Edition — Linda McMahon to Resign as SBA Administrator
March 29, 2019 By Bob Coleman Editor, Coleman Report Special Edition Flash Coleman Report Special Edition — Linda McMahon to Resign as SBA Administrator Reports Politico. It was not immediately clear when McMahon was expected to announce that she was stepping down. McMahon, 70, and her husband, Vince McMahon, co-founded the company that became World…
Read MoreBanc-Serv’s Kerri Agee, 4 others Arrested for $10 Million SBA Loan Fraud
Banc-Serv’s Kerri Agee, 4 others Arrested for $10 Million SBA Loan Fraud March 22, 2019 By Bob ColemanEditor, Coleman Report Download the Indictment One of the Biggest SBA Loan Fraud Scandals in Years Rocks Industry Industry’s Largest SBA Loan Service Provider Accused of Cheating the Federal Government of over $10 Million Largest Number of Individual…
Read MoreFraud Friday — Kerri Agee out of banc-serv
Fraud Friday — Kerri Agee out of banc-serv April 13, 2018 By Bob Coleman Editor, Fraud Friday Kerri Agee has left the SBA lender service provider she co-founded 16 years ago. Kerri’s departure is six months after the FBI raided banc-serv’s offices. Tipped off, Indianapolis television stations sent their news vans and prominently covered the…
Read MoreFraud Friday — Credit Union VP Busted for Fraud
March 22, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Credit Union VP Busted for Fraud A former credit union vice president from Vancleave, Mississippi, pled guilty to theft from a credit union in U.S. District Court in Gulfport. Merideth Christina McMillan, 46, was accused of stealing more than $350,000 from…
Read MoreCPR Report: Actual SBA 7(a) Prepays Dip Below 15%
CPR Report: Actual SBA 7(a) Prepays Dip Below 15% By Bob JudgeEditor, CPR Report In February, total prepays, including paid excess principal (ACPR), came in at 14.37%, a 13% decrease from last month’s reading of 16.38%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came in at 12.60%, down…
Read MoreSBA Hot Topic Tuesday — Coleman 2019 SBA BDO Winners!
March 19, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Coleman 2019 SBA BDO Winners! Congratulations to our eight Coleman 2019 SBA BDO Winners! This year’s winners: Matthew Mapes Arizona Business Bank Ray Drew Ready Capital Corp Kathleen Kelly Webster Bank Marie Askew BBVA Compass Barbara Arena Granite State Development Mark…
Read MoreMain Street Monday – Confidence Levels Stabilize in February
March 18, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Confidence Levels Stabilize in February Confidence levels of Main Street business owners stabilized in February, according to the February 2019 NFIB Small Business Optimism Index. According to the Index: NFIB small business optimism index is up half a point, reflecting…
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