In NYC if you ask for a loan using FAKE DOCUMENTATION. Then you repay your loan back in full. You are still guilty of fraud.
The fake documentation you used to secure that loan effectively placed your business in a better position to secure the loan and allowed you to pay a lower interest rate. That means that the money that was lent to your business was not available to other business to borrow and/or it gave your business an unfair advantage (lower borrowing cost).
At the most basic level your fraudulent business cheated to get ahead.
In NYC if you ask for a loan using FAKE DOCUMENTATION. Then you repay your loan back in full. You are still guilty of fraud.
ReplyDeleteThe fake documentation you used to secure that loan effectively placed your business in a better position to secure the loan and allowed you to pay a lower interest rate. That means that the money that was lent to your business was not available to other business to borrow and/or it gave your business an unfair advantage (lower borrowing cost).
At the most basic level your fraudulent business cheated to get ahead.
There. I fixed it for you.