May 5, 2014 By Bob Coleman Editor, Coleman Photoshop is a great tool for criminals. Used properly, it creates awesome loan files that fool lenders focusing on gathering the “checklist” of documents. Patrick Moon’s JM Capital and RNB Consulting “altered copies of borrower’s monthly bank statements by changing the numerals on the statements to fraudulently…

Read More

April 7, 2014 by Bob Coleman Editor, Coleman Report Friday, I wrote about an Arkansas community banker who was indicted by a grand jury for covering up a failed $1.5 million loan to a Florida businessman. His indictment was posted online today and more damning facts have emerged. Allegedly. I have covered numerous instances where…

Read More

The fallout from the collapse of the nation’s largest credit union continues. Three were charged by the FBI, including Gezim Selgjekaj who was nailed for one count of conspiracy, six counts of bribery, six counts of money laundering, and 15 counts of financial institution fraud. The FBI says Selgjekaj owned several business, which were created…

Read More

This week’s Mugshot Monday story focuses on Joo Hyuk Lee and San Hyn Kim, SBA loan brokers at Virginia-based Jade Capital & Investments LLC. According to prosecutors, at various times between 2005 and 2011, Kim and Lee submitted fraudulent bank statements as evidence to the SBA of equity injections in numerous transactions. Specifically, they altered…

Read More