Using Small Loans to Generate Huge Profits
The 31-year-ancient welder questioned fellow church congregants and friends to co-sign a loan to finance building materials. A church deacon vouched for the borrower's assets, including a few metal-shop machines and his marital bed, and Mr. Munyovi promised to …
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Former Powell Man Admits Scamming Churches, Ministers
(Source: Jim Balloch Knoxville News-Sentinel, Tenn. (MCT) — A former Powell man admitted Wednesday in U.S. District Court he used ministers and their congregations in an investment scam that reached into at least four states. Freddie Marshall Carson …
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Private student loans a ticking bomb
Washington • Risky lending caused private student loan debt to balloon in the past decade, leaving many Americans struggling to pay off loans that they can't afford, a government study says. Private lenders gave out money without considering whether …
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