Wednesday, December 1, 2021

USAO - Iowa, Southern News Update

U.S. Department of Justice
Offices of the United States Attorneys

 
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12/01/2021 12:00 AM EST

Three former executives of Valley Bank, a defunct financial institution based in Moline, Illinois, and the President of Vital Financial Services (Vital Financial), a lending service provider, have pleaded guilty to scheming to defraud the Small Business Administration (SBA) in connection with its programs to guarantee loans made to small businesses.
 

 

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