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West Bloomfield couple accused of stealing nearly $150,000 from Payroll Protection Program
By Jack Nissen
Michigan attorney general warns of federal stimulus scams
Michigan AG Dana Nessel contacted Rob Wolchek to talk about ways scammers may try to get your stimulus money.
WEST BLOOMFIELD, Mich. - A West Bloomfield couple is accused of stealing almost $150,000 in three separate fraudulent Payroll Protection Program loans.
Adebowale Ajagbe, 46, and Tracy Hall, 38, have both been charged with counts of false pretenses, using a computer to commit a crime, uttering and publishing, and conspiracy.
A release from Attorney General Dana Nessel detailed how both acquired tens of thousands of dollars through PPP loans that had false information about businesses that were listed on the application.
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes that will be issued from Mercury Financial Credit Card Master Trust, Series 2021-1 ("MFCCMT 2021-1"), a credit card asset-backed securities transaction. The ratings reflect the initial credit enhancement levels ranging from 33.25% for the Class A notes to 5.00% for the Class D notes. Credit enhancement on the notes consists of i) subordination (except for the class D notes) ii) excess spread generated by the pool of credit card receivables and iii) a reserve account (if funded after the closing date).