Tag: EIDL loans
Loan Shark Lands 5.5 Years in Federal Pen
⏱ 3 min read Frank Hamilton, 55, of Simi Valley, California, is facing 5.5 years in federal prison after a Philly judge sentenced him yesterday for orchestrating a multi-million dollar loan fraud. Hamilton ran a scheme that skimmed over $6 million from banks, lenders, and the Small Business Administration (SBA), stretching from pre-pandemic loans all…
SBA Scam Lands Cali Man 5.5 Years
⏱ 2 min read Frank Hamilton, 55, of Simi Valley, California, is trading sunshine for a federal cell after a Philadelphia judge hit him with 66 months in prison yesterday. Hamilton masterminded a scheme to fleece banks and the Small Business Administration out of millions, filing bogus loan applications before the pandemic even started and…
