Source: United States Department of Justice Criminal Division
Four Indianapolis-area small business lending executives, all of whom worked for Banc-Serv Partners LLC (Banc-Serv) — a defunct lending service provider — were sentenced this month in the Southern District of Indiana for a 13-year conspiracy to defraud the Small Business Administration (SBA) in connection with its programs to guarantee loans made to small businesses.
Source: United States Department of Justice News
Earlier today, in federal court in Central Islip, Ajay Sharma, a citizen of India, was sentenced by United States District Judge Joan M. Azrack to 78 months’ imprisonment for conspiracy to commit wire fraud as part of a large-scale telemarketing scheme. The Court also ordered Sharma to pay restitution of $3,266,714, and forfeiture in the amount of $1,005,421.
Source: United States Department of Justice
The Department of Justice’s Antitrust Division announced today that it is seeking additional public comments until Feb. 15, 2022, on whether and how the division should revise the 1995 Bank Merger Competitive Review Guidelines (Banking Guidelines). The division will use additional comments to ensure that the Banking Guidelines reflect current economic realities and empirical learning, ensure Americans have choices among financial institutions, and guard against the accumulation of market power. The division’s continued focus on the Banking Guidelines is part of an ongoing effort by the federal agencies responsible for banking regulation and supervision.
Source: United States Department of Justice News
PROVIDENCE, R.I. – A Providence man arrested nine days after he assaulted and fled federal agents and task force officers as they attempted to arrest him on charges that he defrauded businesses of more than $800,000, pled guilty in federal court today to charges of wire fraud and assault of a federal officer, announced United States Attorney Zachary A. Cunha.
Source: United States Department of Justice News
MACON, Ga. – A Macon man who was arrested with a loaded firearm purchased for him by his girlfriend soon after he was released from prison for aggravated assault pleaded guilty to a federal firearms charge today.
Logan Riley Nettles aka Carrot Top, 23, of Macon, pleaded guilty to possession of a firearm by a person under a felony indictment before U.S. District Judge Marc Treadwell on Thursday, Dec. 16. Nettles faces a maximum ten years in prison and a $250,000 fine. Sentencing is scheduled for March 9, 2022. Co-defendant Ansley Nicole Hunt, 22, of Savannah, Georgia, pleaded guilty to making false statements on Nov. 4, and is facing a maximum five years in prison and a $250,000 fine. Hunt’s sentencing is scheduled for Jan. 12, 2022. There is no parole in the federal system.