A Magic Johnson Affiliate Funded a Small-Business Lender. That Lender’s CEO Now Faces Fraud Charges.

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Federal prosecutors have filed fraud charges against the CEO of a PPP lender that received funding from a company affiliated with basketball legend Magic Johnson

Federal prosecutors filed fraud charges against the leader of a financial firm that received funding from a company affiliated with basketball legend Earvin “Magic” Johnson to issue loans through the government’s Paycheck Protection Program.

The federal government alleges that Rafael Martinez, chief executive officer of MBE Capital Partners, used fraudulent financial statements to gain approval from the Small Business Administration to issue loans to small companies through the

 

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world_news_eng Somehow I'll bet that there's a degree of Kevin Bacon involved

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