SOM
AG Nessel Charges Couple for Defrauding Payroll Protection Program
Contact: Lynsey Mukomel agpress@michigan.govAgency: Attorney General
May 14, 2021
LANSING - Michigan Attorney General Dana Nessel has charged a West Bloomfield couple with several crimes for submitting fraudulent loan applications to the Payroll Protection Program (PPP).
Adebowale Ajagbe, 46, is charged with:
two counts of false pretenses, $20,000 less than $50,000, 15-year felonies;
two counts of using a computer to commit a crime, 10-year felonies;
two counts of uttering and publishing, 14-year felonies; and
conspiracy to commit false pretenses, a 15-year felony.
Tracy Hall, 38, is charged with:
one count of false pretenses $20,000 less than $50,000, a 15-year felony;
If Frank Knapp Jr. has his way, the Biden administration will budget more money for small businesses and give out more loans to entrepreneurs in underserved communities.
âThe SBA (Small Business Adminisrtation) is broken,â Knapp said when he visited the area as part of his nine-city, one-man tour, bringing his message to the attention of the public and media.
âWeâre at a 40-year low in new business startups,â he said. âEconomists tell us that all net-new jobs in the nation are created by businesses less than five years old and that they have four or fewer employees.â
Meanwhile, he cited the SBA Office of Advocacy which found the number of commercial banks declined from 14,400 to 4,600 since 1980, representing a 68% drop due to consolidations and failures.
Uniroyal Global Engineered Products, Inc. Reports Financial Results for the First Quarter Ended April 4, 2021
SARASOTA, Fla., May 14, 2021 (GLOBE NEWSWIRE) Uniroyal Global Engineered Products, Inc. (OTCQB:UNIR) today reported its financial results for the first fiscal quarter of 2021 ending April 4, 2021.
Financial Summary
Net Income was $1,036,001 versus $280,274 for first quarter of last year
Net Income per Common Share was $0.06 versus a loss of ($0.14) last year
Overview
The first quarter of fiscal 2021 marked a return to profitability for the Company as customers stepped up their production to meet heightened demand levels as COVID-19 related restrictions eased, particularly in the U.S. However, this quarter cannot be characterized as a return to normalcy as we continued to face challenges such as a significant increase in raw material prices. We raised prices late in the first quarter of this year which will help mitigate the cost increases, but the timing will benefit
CAPITAL REGION — While the federal loan program for small businesses struggling amid the COVID-19 pandemic ran out of money last week, a local alternative is…
.... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ....
For Santa Fe tour operator Monique Schoustra, the past year was “the offseason that just kept going and going and going.”
The final credit card transaction she ran in 2020 for Great Southwest Adventures, the business she co-founded in 1998, was on March 10 the day before New Mexico announced its first three cases of COVID-19 disease and declared a public health emergency.
The SARS-CoV-2 pandemic stymied her business at the beginning of its crucial season bringing tour buses to sites around northern New Mexico: the Bandelier National Monument, Chama River Valley, Pecos and Chaco national parks and Taos, among other locations.
“We were hopeful, like everyone was, that this was just going to be a few months … a temporary blip,” she recalled.