Fraud Friday — Uh Oh, FBI Raids Banc-serv Campus, Locks Doors

October 13, 2017

Fraud Friday — Uh Oh, FBI Raids Banc-serv Campus, Locks Doors

By Bob Coleman
Editor, Fraud Friday

The nation’s largest SBA loan service provider Indiana’s office were raided and its doors were padlocked by the FBI.

Banc-serv claims over 400 SBA 7(a) lenders in 45 states as clients.

Writes the Indianapolis Star about yesterday’s events:

Several agents wearing blue gloves and FBI jackets were visible through large windows on two floors as they searched files and took photographs inside several different rooms in the banc-serv location at 777 E. Main St.

Chris Bavender, spokeswoman for the FBI’s Indianapolis office, said agents are conducting “investigative activity in the area.”

The front doors to the building were locked Thursday. The parking lot was half full of cars, but empty of people except for media and curious bystanders. It’s unclear how many employees were in the building.

Other than the FBI, that’s about all anyone knows right now.

Request for a comment email yesterday afternoon by the Coleman Report to banc-serv CEO Kerri Agee and Barry Sloane, President, Chairman and CEO of Newtek, the parent of banc-serv, have yet to be answered.

View local TV coverage of the raid here.

Editor Note: The image inserted at the top of this report is on banc-serv’s website and has not been altered.