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Jul 27, 2023 · Rafael Martinez, CEO of MBE Capital, was convicted of wire fraud for submitting false applications for PPP loans and lender status. He received 54 months in prison and forfeited over $44 million in assets.
Rafael Martinez may refer to: Rafael E. Martinez, politician. Rafael Martínez (gymnast) (born 1983), Spanish artistic gymnast. Rafael Martínez Aguilera, also known as Rafa Martínez, Spanish basketball player. Rafael Martínez Nadal (1877–1941), third president of the Senate of Puerto Rico.
Mar 6, 2022 · Federal prosecutors have filed fraud charges against Rafael Martinez, the CEO of MBE Capital Partners, a PPP lender that received funding from a company affiliated with basketball legend Magic...
Mar 1, 2022 · Federal prosecutors announced charges Tuesday against a man they say lied about being a lending institution, got approved as a pass-through for coronavirus loans, and “faked” his way into ...
Mar 10, 2022 · The CEO of MBE Capital allegedly received more than $71 million in lending fees from falsified applications for the Paycheck Protection Program. He was charged with wire fraud and money laundering by federal prosecutors.
Mar 1, 2022 · Martinez allegedly lied to get his company approved as a PPP lender and used the funds to buy a villa, a Ferrari, and jets. He faces multiple charges and could spend decades in prison if convicted.
Mar 23, 2023 · Rafael Martinez, the CEO of MBE Capital Partners, admitted to conspiring to commit wire fraud in connection with loan and lender applications submitted through the Paycheck Protection Program (PPP). He used false documents and representations to obtain millions of dollars in loans and fees for himself and his company.
