Small Business Loan Fraud
In January, 18 employees and a former vice president of the Troy, Michigan branch of Business Loan Express (BLX) were charged with fraud for allegedly making more than $76 million in fraudulent loans to unqualified borrowers.
Witnesses testified about alleged small business loan fraud. Small Business Administration officials were questioned about oversight activit… read more
Witnesses testified about alleged small business loan fraud. Small Business Administration officials were questioned about oversight activities. The chief executive officer of Business Loan Express and others testified about fraud allegations, as well as business relationships with Small Business Administration.
In January, 18 employees and a former vice president of the Troy, Michigan branch of Business Loan Express (BLX) were charged with fraud for allegedly making more than $76 million in fraudulent loans to unqualified borrowers. close
People in this video
More PeopleHosting Organization
Related Video
-
Small Business Administration Agenda
Steve Preston talked about the agenda for the U.S. Small Business Administration for the year ahead in his “State of the…
-
House to Vote on Housing Bill This Week
Steven Preston talked about about housing issues, especially the housing bill (HR 3221) that the House of Representative…
-
Senator Dodd on Financial Regulation
Senator Dodd spoke about financial reform legislation.
-
Senator Corker on Financial Regulation Bill
Senator Bob Corker spoke to reporters and answered questions about negotiations on financial regulation legislation. Sen…