Home arrow Fraud and Scams arrow Fraud Alerts arrow US Secret Service Recovering Stolen COVID19 SBA Loans
User Login





Lost Password?
No account yet? Register
Guard My Credit Menu
Home
- - - THE ISSUES - - -
Videos
Fraud and Scams
Credit Issues
Identity Theft
Privacy Issues
Our Children
Politics & Politicians
- - ACTION CENTER - -
Guard My Credit Links
Helpful Pamphlets
- - - - - - - - - - - - - - -
About ACCESS
Contact Us
About Our Site
Join the Fight
ACCESS is a non-profit, tax exempt consumer advocacy group.

Donations are tax deductable.

Guard My Credit Hits
9644934 Visitors
US Secret Service Recovering Stolen COVID19 SBA Loans PDF Print E-mail

September 23, 2020 - The US Secret Service is going after criminals that have been recruiting unsuspecting victims to participate in fraud against the SBA. Over the past month, they have recovered more than $20 million in fraudulent payments given to people who have been duped into filing for loans that they don't actually qualify for.

Image

The way this crime works is pretty simple. Victims are recruited through social media and given the procedures to file for SBA disaster loans. The cost being charged for this "assistance" is 20% of the loan amount. Once the money is deposited in the victims' bank accounts, the payment to the criminals becomes due.

The Secret Service is working directly with banks to identify these wrongfully given loans. Once a loan is identified, they make contact with the borrowers and inform them that have are victims of crime.

The Secret Service believes that as much as $21 billion in loans could be involved and is attempting to recover them.

Anyone who suspects that they may have been lured into filing for an SBA loan under the circumstances listed here should contact this local Secret Service office for assistance.

by Jim Malmberg

Note: When posting a comment, please sign-in first if you want a response. If you are not registered, click here. Registration is easy and free.

Follow ACCESS  
Comments
Search
Only registered users can write comments!

3.25 Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."

 
Guard My Credit Polls
#1 - Why did you visit our site today?
 
.•*´¯☼ ♥ ♥ Your Support of These Links Is GREATLY Appreciated ♥ ♥ ☼¯´*•.
Advertisement
 
Go to top of page
Home | Contact Us |About Us | Privacy Policy
eXTReMe Tracker
11/28/2020 06:17:22