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Monday, April 15, 2024 | Back issues
Courthouse News Service Courthouse News Service

Lending Fraud 

A federal class action accuses Balboa Capital Corp. of defrauding businesses in equipment-financing loans: telling lead plaintiff Eco Farms Investments Holdings that its loan would cost $8,587 in interest over three years, but actually charging $54,587 in interest.

SAN DIEGO — A federal class action accuses Balboa Capital Corp. of defrauding businesses in equipment-financing loans: telling lead plaintiff Eco Farms Investments Holdings that its loan would cost $8,587 in interest over three years, but actually charging $54,587 in interest.

Categories / Business, Consumers

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