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Small Business Administration

Ex-Eagles RB Superbowl Champ Wendell Smallwood Jr. Charged With COVID-19, Tax Fraud: Feds Ex-Eagles RB Superbowl Champ Wendell Smallwood Jr. Charged With COVID-19, Tax Fraud: Feds
Ex-Eagles RB Superbowl Champ Wendell Smallwood Jr. Charged With Covid-19, Tax Fraud: Feds Wendell Smallwood Jr., a former Philadelphia Eagles running back and Super Bowl champion, is facing federal charges for allegedly defrauding COVID-19 relief programs and the IRS, according to federal court documents obtained by Daily Voice on Thursday, Nov. 21. Smallwood, 30, was charged with felonies for Wire Fraud, Conspiracy to Commit Wire Fraud, and Conspiracy to Defraud the Internal Revenue Service, federal prosecutors announced. If convicted on all counts, Smallwood faces up to 50 years in prison. Authorities claim Smallwood obtained tens of thousands of dollars in COVID-19 Economic I…
Ex-Chief Lending Officer Of NJ Bank Gets 18 Months In Fed Pen For Lying On SBA Loan Ex-Chief Lending Officer Of NJ Bank Gets 18 Months In Fed Pen For Lying On SBA Loan
Ex-Chief Lending Officer Of NJ Bank Gets 18 Months In Fed Pen For Lying On SBA Loan A former New Jersey bank chief lending officer from Pennsylvania was sentenced to 18 months in federal prison Wednesday for lying to the Small Business Administration, authorities said. James Bortolotti, 53, will have to serve just about all of the term because there's no parole in the federal prison system. Bortolotti signed off on an application to the SBA for a guaranteed $3.75 million on $5 million in loans given to a small Robbinsville business by First Choice Bank in Trenton even though he knew the information about the company's credit-worthiness was false, Acting U.S. Attorney for N…