December 22, 2017
By Bob Coleman
Editor, Fraud Friday
Fraud Friday — Mark Feathers Guilty of Fraud
April 24, 2017
Glenn E. Dyer Detention Center, Oakland
Mugshot obtained under the California Public Records Act
The former owner of one of the 14 non-bank SBA lending licenses pled guilty to one count of mail fraud on Wednesday.
The remaining 28 counts of fraud are dismissed by the Feds.
Sentencing is scheduled for March 2nd. The term of his incarceration is unknown. But moving from county jail, where he will have sat for almost a year, to a federal white-collar pen will be a much appreciated change in scenery for the newly convicted felon.
Mark has been in Alameda county jail since his bail was revoked threatening witnesses with his infamous March 7, 2017 5:32 am email.
The email subject line?
“you will need to ask the court for extra marshals to my jury trial”
Then the threat.
Mark says, “I am putting you on notice now that if the word Ponzi is used at trial, or the word swindler, or similar, I will rise out of my seat and attempt to bring injury to any party that uses the word. To and through this date you have been able to introduce prejudice with the use of the word Ponzi in public and in hidden court pleadings. You won’t get away with it again (with me at least!) Feathers.”
The SEC seized the Northern California-based Small Business Capital in 2012 alleging a Ponzi scheme to guarantee investors a 7.5% a year annual return. Mark was arrested in 2014 on 29 counts of fraud.
Check out our previous reporting here.
August 25, 2017
Fraud Friday — Mark Feathers Apologizes, Asks Court for Release from Jail
May 19, 2017
Fraud Friday Exclusive Mugshot — USA vs Mark Feathers — His SBA Fraud Timeline
March 31, 2017
Fraud Friday — I will Physically attack any Witness from my Seat at my Trial who says Ponzi says Former SBA License Owner Mark Feathers
June 6, 2016
Main Street Monday — Harvest Small Business Announces Management Team for 7(a) License Bought from Mark Feathers’ Court-Appointed Receiver.
February 12, 2016
Fraud Friday — BYL Small Business Finance to Purchase SEC Seized SBLC License
June 16, 2015
SBA Hot Topic Tuesday — Feathers’ SBLC License Back on the Market
May 1, 2015
Feedback Friday — The SBA Loan Broker Discussion, Mark Feathers to Sue SBA and the SBLC List
April 10, 2015
Fraud Friday — Business US Acquires Small Biz Capital’s SBLC License
February 10, 2015
SBA Hot Topic Tuesday — Small Business Capital’s SBLC License to Sell for $700,000
November 14, 2014
Small Business Capital’s Mark Feathers Indicted on 29 Counts of Fraud
November 8, 2013
Fraud Friday – Mark Feathers Personally Liable for $7.8 Million to SEC
October 25, 2013
Anti-Fraud Friday – Mark Feathers Responds to SEC Receiver’s Intent to Sell SBLC License
October 23, 2013
SEC Receiver to put Mark Feathers’ Small Business Capital License on the Market
October 17, 2013
Small Business Capital’s Mark Feathers is appealing the federal court’s summary judgment against his company by the SEC
August 23, 2013
Fraud Friday – Federal Judge Rules SBA Non-bank Lender Small Business Capital was a Ponzi Scheme
July 2, 2013
Mark Feathers Disputes SEC Forensic Accounting Report about Small Business Capital
July 1, 2013
Small Business Capital Investor Losses Total $13 Million
April 18, 2013
SEC Seized SBA Lender Update of Mark Feather’s Small Business Capital
January 29, 2013
SB Capital Update – Mark Feathers Fights SEC for Control
Jan 17, 2013
SB Capital Update – Feathers’ Minor Children Bought Defaulted Loans
July 16, 2012
SEC Closes SBA Lender In Ponzi Scheme Charges