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The Nexus
Case profileSentencedFederalUSAO-MD

New Jersey Co-Conspirator Sentenced for Role in Scheme to Fraudulently Obtain Loans Guaranteed by the Small Business Administration

A New Jersey man was sentenced to federal prison for his role in a multi-million-dollar bank fraud conspiracy in which co-conspirators are alleged to have fraudulently obtained more than 35 million dollars in Small Business Administration loans from financial institutions to purchase hotels.

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$35.00M alleged lossFiled: Jun 12 · 12:00 UTCUpdated: Jun 12 · 19:05 UTC
Charges
  • Bank fraud
  • Wire fraud
SourceU.S. Department of Justice

https://www.justice.gov/usao-md/pr/new-jersey-co-conspirator-sentenced-role-scheme-fraudulently-obtain-loans-guaranteed