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Jul 27, 2023 · Rafael Martinez, CEO of MBE Capital, was convicted of wire fraud for submitting false applications for PPP loans and lender status. He received 54 months in prison and forfeited over $44 million in assets.
Mar 6, 2022 · Federal prosecutors have filed fraud charges against Rafael Martinez, the CEO of MBE Capital Partners, a PPP lender that received funding from a company affiliated with basketball legend Magic ...
Mar 1, 2022 · Federal prosecutors announced charges Tuesday against a man they say lied about being a lending institution, got approved as a pass-through for coronavirus loans, and “faked” his way into ...
Mar 10, 2022 · Prosecutors say Rafael Martinez and his company, MBE Capital, used false information to reap more than $71 million in fees from loans made under the Paycheck Protection Program.
Mar 23, 2023 · Rafael Martinez, the CEO of MBE Capital Partners, admitted to conspiring to commit wire fraud in connection with loan and lender applications submitted through the Paycheck Protection Program (PPP). He used false documents and representations to obtain millions of dollars in loans and fees for himself and his company.
Mar 1, 2022 · Martinez allegedly lied to get his company approved as a PPP lender and used the funds to buy a villa, a Ferrari, and jets. He faces multiple charges and could spend decades in prison if convicted.
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Mar 1, 2022 · Through Misrepresentations, RAFAEL MARTINEZ’s Company MBE Capital Fraudulently Obtained Approval to Issue PPP Loans as a Non-Bank Lender, Thereby Earning Over $70 Million in Lender Fees
