9 Charged in Elaborate Auto Loan Fraud Scheme
Attorney General Gurbir S. Grewal today announced that nine individuals have been charged with conspiring to use stolen identities to obtain New Jersey digital driver’s licenses which they used to fraudulently purchase and finance motor vehicles and watercrafts worth more than $1.3 million at dealerships in New Jersey, Pennsylvania, New York, Connecticut, and Massachusetts. They […]
SAR Filings for Business Loan Fraud Spike Upward
It’s commonly known that Paycheck Protection Program (PPP) loan fraud is a serious issue here in the United States. And new figures released by FinCEN seem to back that up. Banks filed 1,044 new SARS for “Business Loan Fraud” in July of 2020. That is about 8 times higher the average number of monthly reports […]