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Had they obtained loans for themselves, and after they had them, had they obtained loans for somebody else? 'That is the question.
The bank is suing some of the clients, claiming they obtained loans fraudulently.
During the early 1980's, Mr. Turoff obtained loans totaling $242,000 from Hyfin.
The fake buyers then obtained loans from the banks, with the defendants pocketing most of the money, the indictments say.
But Spano was later sentenced to prison for bank and wire fraud, having illegally obtained loans to buy the team.
Sixty people falsely claiming to be women's league employees then obtained loans from the bank, authorities said.
Similar(36)
It isn't an easily obtained loan.
The result suggests that 89 % of the firms obtained loan from microfinance institutions (MFIs).
They are best equipped to help obtain loans for Cuba from foreign banks.
At schools with default rates of 3percentto5percentcent, students could obtain loans at interest rates of 9percentto12percentcent.
In other cases, the brokers stole identities to obtain loans, prosecutors said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com