Posts Tagged ‘Small Business Loan Fraud’
Mug Shot Monday — Borrower Pleads Guilty to Money Laundering, Bank Fraud Charge Dismissed
April 20, 2015 By Bob Coleman Editor, Mug Shot Monday As we wrote one year ago, the patent holder of a “pseudo adiabatic engine” was living the good life in Florida with his $169 million net worth. What is a “pseudo adiabatic engine?” Well, it’s pretty cool technology. It will get you twice the fuel…
Read MoreMug Shot Monday – Feds Use Bankers Email Against Him
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 MoreFraud Friday – TARP Inspector General Criminalizes Another Bad Small Business Loan Decision
April 4, 2014 By Bob Coleman Editor, Coleman Report The patent holder of a “pseudo adiabatic engine” was living the good life in Florida with his $169 million net worth. What is a “pseudo adiabatic engine?” Well, it’s pretty cool technology. It will get you twice the fuel efficiency of any car gasoline engine on…
Read MoreMug Shot Monday – Small Business Loan Broker Gets 18 Years
March 31, 2014 By Bob Coleman Editor, Coleman Report As the credit markets dried up in 2008, a Philadelphia loan broker pocketed a cool $1 million a year from ripping off 2,000 business owners in up front loan fees. Now, Andrew Bogdanoff will be spending 18 years and four months in jail saying, “Greed and…
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