USA v. Frank Hamilton

Frank Hamilton was sentenced for loan fraud conspiracy. Hamilton allegedly defrauded multiple banks, other lenders, and the Small Business Administration out of millions of dollars in loans that were either funded or guaranteed by the SBA. According to the DOJ, Hamilton filed fraudulent applications for SBA 7(a) loans, Economic Injury Disaster Loans (“EIDLs”), and Paycheck Protection Program (“PPP”) loans by submitting false loan applications and generate fake documents, including false tax returns.

Summary generated from official Department of Justice press release