Main Street Monday — Recession Rumors Gaining Momentum

April 22, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday — Recession Rumors Gaining Momentum For the last few months, it’s been a wild ride for Main Street. According to the latest CNBC/SurveyMonkey Small Business Survey, it reflects about 53% of small business owners fear a recession is ahead. Due to…

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Fraud Friday — Nik Patel’s 25-Year Fraud Sentence Upheld

April 19, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — Nik Patel’s 25-Year Fraud Sentence Upheld The 7th U.S. Circuit Court of Appeals has rejected a bid to reduce the 25-year sentence of the founder of a failed Orlando non-bank lender for his role in defrauding a Milwaukee investment firm of $179 million…

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Coleman Movers & Shakers — Christopher Soupal, Michael Bland, Roger Unger, Jeff Vratanina

April 18, 2019 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Christopher Soupal, Michael Bland, Jeff Vratanina, Roger Unger Crestmark Promotes Christopher Soupal to Executive Vice President, President of Government Guaranteed Lending Division “I am pleased to announce the promotion of Christopher to Government Guaranteed Lending Division president,” says Mick…

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Coleman Movers & Shakers — Jimmy Duran, Jaime Wood, JanCarlos Llach

April 11, 2019 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Jimmy Duran, Jaime Wood, JanCarlos Llach The Bancorp Names Jimmy Duran, Vice President, SBA BDO “The Bancorp Small Business Lending team is dedicated to providing competitive and attainable funding for low- and moderate-income communities,” says Jeff Nager, Executive Vice…

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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…

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Fraud 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…

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