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J. Stephen Ferketic

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Feds: Wayne Woman Admits Doctoring Apps In $4 Million Bank Loan Swindle Feds: Wayne Woman Admits Doctoring Apps In $4 Million Bank Loan Swindle
Feds: Wayne Woman Admits Doctoring Apps In $4 Million Bank Loan Swindle A Wayne woman admitted in federal court in Newark that she helped produce bogus documents that conned banks out of $4 million in loans, authorities said. Gladys Collins, 43, was among a group of conspirators at Cash Flow Partners LLC, a business consulting firm with offices in New York and New Jersey, who attracted loan applicants through online ads and seminars, U.S. Attorney Craig Carpenito said. The crew then ginned up applications for loans, some insured by the FDIC, to make their customers “appear more financially viable than they actually were,” Carpenito said. Collins accepted a dea…

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by Jerry DeMarco