After a review of the documents provided under the SBA Rules a revised maximum forgivable loan amount was not supported. It does not appear Favorite Things will qualify for full forgiveness of their SBA PPP loan based on the documentation provided, and will need to repay the loan balance in accordance with the terms of the Promissory Note.
August 9, 2021
The Bank has reason to believe Favorite Things received a PPP loan in excess of what it was entitled to receive under the PPP. The Bank cannot submit a forgiveness application to the SBA for the full loan amount if the Bank has reason to believe the application is unsupported.
the Bank has reviewed the documents submitted by Favorite Things and determined there was an error in the Bank’s prior calculation of maximum forgivable loan amount. Upon closer review of the documents provided, the wage information provided is conflicting and the correct maximum forgivable loan amount is $0.
August 26, 2021
As communicated previously, your PPP loan does not appear eligible for forgiveness. The PPP forgiveness application invitation you receive will reflect a maximum forgivable loan amount of $1. Once this application is processed, you will have an automatic right to an appeal as outlined below.
Post on Feb 16 2021 on Facebook exposing all other loans that were not forgiven
BCC on this email is to some of the people investigating this crime and federal matter, in which everyone
complicit has the same status -- guilty of bank fraud.
The SBA stated that unless funds were unlawfully sought or misspent and reported to the DOJ and the CARES accounts set up to investigate fraud, then the loans are forgivable by 100%.
Reminder here is the LOAN approved and the LOAN in process of forgiveness.
Please submit a new application immediately in order to close out this loan.
I
just wanted to let you know I have advanced your escalation to our SBA
team to work on getting you a new loan amount of $18625 based on your
2020 941 for 1st qtr and the 2019 Schedule C based on one month of business.
From: PPP Inquiry Outreach <pppinquiryoutreach@bofa.com> Sent: Monday, June 21, 2021 3:47 PM To: zipidedooda07@hotmail.com <zipidedooda07@hotmail.com> Subject: [] You’ll soon receive a new PPP loan forgiveness application with the Correct Maximum Forgivable Loan amount
Bank
of America has submitted a decision on your Paycheck Protection Program
loan forgiveness application to the Small Business Administration
These actions were done legally, and in accordance with the rules under the CARES act for loan forgiveness
It was an out-of-control Megan Scholz that unlawfully pulled this out of forgiveness and then
lied in emails and unlawfully told me that I was not entitled to forgiveness when I was.
She furthered her own abuses by making things up, including telling me that I could go
after the SBA when this was false.
BOA refused to enter into the direct forgiveness portal set up last August (2021) to bypass
the midde party the banks.
Forbes did a story on the billions being made by the banks at the expense of small businesses
none more sinister than the plot to steal back the loan money one small business at a time.
Let
me tell you about Ember Seaman, a small business owner of Mad Ethel's
Tattoo, LLC located at 711-B North Person Street, Raleigh, North
Carolina 27604.
The Secret Service as well as other temporary and permanent agencies are tracking the money and those involved in the crimes of stealing from the PPP funds.
Anyone not taking action or investigating the crimes contained in this email are then party to the crimes for failing to instruct Megan Scholz to do her job and send a lawful loan application for forgiveness.
Is Criminal Bank Fraud VP Megan Sholz worthy of a Presidential Pardon?
Not likely
She should see if Joe Biden has time to consider her pardon.
Thomas Pappas and Megan's crime spree continues - Megan stole bank records and my taxes and gave them to Thomas Pappas who illegally submitted them into a pleading and they had to be sealed
26 U.S. Code § 7213 - Unauthorized disclosure of information
Look what Megan Sleeps with - Whatever made her like this
SHE LIKES it and has no plans to change
MEGAN's is quite a bad egg
Anyone who ever bet against you was wrong. There are some people you should never count out. Cheers to all the flowers growing through concrete!
Keene has tried to 2 years to destroy all small businesses
A response from one of the Keene City Council members. The mail to her did not mention anything about shopping.
Thank you for writing. I’m sorry that you won’t be shopping in Keene. Our businesses are doing their best to stay open. Unfortunately right now our little City is one of the highest %’s for Covid-19 cases. All the beds in the hospital are full of unvaccinated COVID-19 cases. They don’t have enough nurses. They are unable to take any other folks right now.
We’ll be having our PLD meeting on Wednesday Evening, as we continue to discuss this pandemic issue. Again, thank you for writing.
This court pleading and email is being sent to multiple parties in this law firm for their complicity in Bank of America fraud case, conflict of interest, being party to bankruptcy cases with a client that is causing bankruptcy.
Thomas Pappas' failure to serve pleadings and adhere to court rules,
and a massive criminal investigation into the holdings of this law firm, and their failure to advise their own client to put through a lawful forgiveness application from the CARES funds.
This email and all names of employees of this law firm in all locations is being submitted for criminal review and complicity in bank fraud.
There is also an investigation going on Thomas Pappas and Sandy for failing to offer a settlement that did not make them comlicit in bank fraud.
There are 5 people in Congress involved in this case and it's implications to the robbery of forgiveness to struggling business owners.
This email is NOT private, and is going to be used for the purposes of being made aware of this crime and participation and the pleading that has been filed in this court case as of this day.
The only remedy to remove onesself from criminal activity is to actually stop the crime in progress. Otherwise it means there is complicity. I offered a more than reasonable settlement to Thomas Pappas who has failed to serve me as a Plaintiff, and therefore is not legally representing anyone in this matter.
ALSO if a "motion to dismiss" is filed in response that act alone can result in an arrest for failing to stop a crime in process.
There is nothing more I can do other than fight for my own right for money to which I was entitled under CARES act, and not able to trust this thief of a bank for round 2.
ALL case details are inside the pleadings and on this blog, and someone at this law firm should resolve this matter and inform the "client' bank of America to stop their forgiveness theft of their small business customers and also to opt in to the SBA portal
I am sad for greed and stolen wealth, it never works out well, but the eyes on this case are international due to my fight for victims including myself.
Thomas implicated himself in this case by trying to offer a settlement less than what I actually am entitled to by CARES act and the law and this is indicative of how much people think they are above the law.
I urge someone to contact Megan Scholz who pulled my application out of forgiveness and sent back an application for $1.00. An aid to lesser criminal consequences is to do the right thing, even at the 11th hour.
How many banks have this reality? Asking for a friend
Motivated, results-focused attorney consistently achieves excellent results implementing solutions in a fast-paced environment, while keeping larger enterprise impact in sight. Comprehensive background in administrative, statutory and regulatory law, including significant litigation experience. Excels at interacting with business partners, executives, and attorneys. Strong decision-making abilities and sharp business acumen, with exceptional ability to complete projects timely and manage multiple high profile issues simultaneously.
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