Sentences with phrase «loans without some due diligence»
As you have probably gathered, the SBA doesn't give out loans without some due diligence.
https://www.jrcinsurancegroup.com/ Not exact matches
Indeed, these deals were special for all involved: (a) Levy enjoyed Madoff's inflated return rates of up to 40 % on the money he invested with Madoff; (b) Madoff enjoyed the benefits of large amounts of cash to perpetuate his fraud without being subject to JPMC's due diligence processes; and (c) JPMC earned fees on the loan amounts and watched the «special deals» from afar, escaping responsibility for any due diligence on Madoff's operation.»
We consider the usurpation of the responsibility of the Board of Directors of a Listed Company to authorize the disbursement of a loan of such an amount without due diligence and recourse to the law as irregular and a clear violation of the law.