A former Atlanta, Ga., banker faces a civil money penalty of $35,000 and restitution of up to $317,900 for allegedly submitting false information in order to obtain an Small Business Administration (SBA) loan, the federal bank deposit insurance agency said Friday.
Dethra Thomas, a former employee of Truist Bank in Atlanta, was charged by the Federal Deposit Insurance Corp. (FDIC) for submitting the false information to obtain the loan. At the time (Feb. 2016-June 2021) Thomas worked at the bank as a senior relationship banker. The agency charged that in the act of applying for an Economic Injury Disaster Loan (EIDL) through the SBA, Thomas submitted false information.
According to the FDIC Thomas “materially and falsely misrepresented the gross revenue and cost of goods for ENDD in her EIDL application to induce the SBA to make the EIDL to Respondent’s business.”
FDIC Publishes August Enforcement Actions
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