Tag: SBA
Ashburn Swindler Pleads Guilty
⏱ 2 min read An Ashburn con man swindled hundreds of thousands from pandemic relief programs, then used the cash to trade stocks. Ravindar Reddy Palla, 59, operated IT Objects, a company his wife was listed as owner of on paper, but Palla was the real boss. Palla lied to the SBA, claiming IT Objects…
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…
