Latest post

GST officials destroy 23 businesses in input tax credit fraud worth 91 crore

GST officials dismantled a network of 23 companies involved in transferring ineligible input tax credits (ITCs) through merchandise-less invoices of about ??91 crores. Their modus operandi involved floating several companies with the intention of availing themselves or using and passing…

Lower Makefield Police Registry: Unemployment, Endemic Credit Fraud

LOWER MAKEFIELD, PA – The Lower Makefield Township Police Department received reports of 11 cases of fraud to obtain unemployment benefits between July 1 and Thursday. Additionally, police responded to unauthorized PayPal charges and drug possession cases. Read the full…

Phillips Edison & Company closes $ 980 million unsecured credit facility

CINCINNATI – (COMMERCIAL THREADannounced it has refinanced one of its term loans and secured a new revolving line of credit. On July 2, 2021, PECO entered into a new $ 980 million senior unsecured credit facility (the “Facility”) led by…

Preston’s pension credit fraud received a £ 21,000 overpayment after lying about a house he inherited

Former Sony Erikkson computer scientist Peter Holmes, 69, of Nelson Street, Preston, admitted to making a false statement to get a pension credit in April 2014. Read more Read more The father of Preston’s benefit fraud received a £ 21,000…

Summit Industrial Income REIT Extends $ 300 Million Unsecured Credit Facility

TORONTO, June 21, 2021 / CNW / – Summit Industrial Income Real Estate Investment Trust (“Summit” or the “REIT”) (TSX: SMU.UN) today announced that it has extended the maturity date of its $ 300 million Senior unsecured revolving credit facility…

Welltower Announces $ 4.7 Billion Extended Unsecured Credit Facility

TOLEDO, Ohio, June 8, 2021 / PRNewswire / – Welltower® Inc. (NYSE: WELL) (the “Company” or “Welltower”) announced today that it has closed a $ 4.0 billion an unsecured revolving line of credit (“Revolving Facility”) which will replace the Company’s…

Universal credit fraud and errors hit record high

Image source: Getty Images Share this page: Over the past year, Universal Credit has been a lifeline for millions of UK citizens who have found themselves unemployed or whose income has been reduced due to Covid-19. However, official figures show…

Universal credit fraud and errors hit record high

Image source: Getty Images Share this page: Over the past year, Universal Credit has been a lifeline for millions of UK citizens who have found themselves unemployed or whose income has been reduced due to Covid-19. However, official figures show…

Omega Announces Closing of New $ 1.45 Billion Senior Unsecured Credit Facility

HUNT VALLEY, Maryland – (COMMERCIAL THREAD) – Omega Healthcare Investors, Inc. (NYSE: OHI) (the “Society” Where “Omega“) today announced that it has entered into a new $ 1.45 billion four-year senior unsecured revolving credit facility (“Credit facility“). Omega also announced…

California Filmmaker Pleads Guilty to Iowa Tax Credit Fraud Case

DES MOINES – A California film producer who is currently serving federal prison time for fraud pleaded guilty in Polk County District Court on Tuesday to laying charges of fraud, forgery and conspiracy to commit forgery as part of the…