April 20, 2018 Fraud Friday — Two Borrowers Jailed for Loan Fraud, Lying to SBA By Bob Coleman Editor, Fraud Friday On Tuesday, Harold Halman, II, 58 got 36 months. Alexander Schaap, 62, got 30 months. Craighton Boates, 44, received five years’ probation. The three were principals of Global Medical Equipment of Arizona. They defrauded…

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March 19, 2014 By Bob Coleman Editor, Coleman Report SBA’s Inspector General has issued a second audit of early defaulted ARAA SBA 7(a) loans. Nine loans were reviewed, and three loan guaranties were deemed to have been improperly purchased from lenders by SBA. We’ll examine each of the three loans in separate Coleman Reports. Today’s…

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