Tag: SBA 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 Con Man in Federal Lockup
⏱ 2 min read Frank Hamilton, 55, of Simi Valley, California, is facing 5 1/2 years in federal prison after admitting he masterminded a scheme to fleece banks and the Small Business Administration out of over $6 million. Judge Wendy Beetlestone delivered the 66-month sentence yesterday in Philadelphia, and ordered Hamilton to repay the full…
SoCal Con Man Caged in $6M SBA Scam
⏱ 2 min read Frank Hamilton, 55, of Simi Valley, California, is trading sunshine for shadows after getting 66 months in federal prison yesterday. The career con man ran a multi-million dollar scheme to rip off the Small Business Administration, raking in over $6 million in fraudulent loans both before and during the pandemic. Judge…
SoCal Grifter Gets 5.5 Years in SBA Scam
⏱ 2 min read Frank Hamilton, 55, of Simi Valley, California, is trading sunshine for a federal cell after getting 66 months in prison yesterday. Judge Wendy Beetlestone, in Philadelphia, sentenced Hamilton for running a scheme that milked the Small Business Administration for over $6 million. He wasn’t looking to save businesses, just cash them…
Kentucky Woman Gets Four Years for COVID Loan Heist
London, Kentucky – Nicole Pennington, 50, will spend the next three years and eight months in federal prison after pleading guilty to defrauding COVID-19 relief programs out of over a million dollars. The sentence, handed down Tuesday in Lexington, marks the latest fallout from a nationwide wave of pandemic loan fraud that saw billions siphoned…
KY Woman Gets 44 Months in COVID Loan Scam
⏱ 2 min read RELATED: COVID Loan Scam Lands KY Woman 44 Months SEE ALSO: Teacher Gets 13 Years For Exploiting Minors LONDON, KY – Nicole Pennington, 50, will spend the next three years and eight months behind bars after a federal judge slapped her with a 44-month sentence Tuesday. The charge? Ripping off the…
KY Woman Gets 44 Months for COVID Loan Scam
⏱ 2 min read RELATED: COVID Loan Scam Lands KY Woman 44 Months SEE ALSO: Teacher Gets 13 Years For Exploiting Minors LONDON, KY – Nicole Pennington, 50, of London, Kentucky, will spend the next three years and eight months in federal prison after pleading guilty to wire fraud and conspiracy to launder over a…
