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New York Small Business Lender to Pay U.S. $26.3 Million to Resolve False Claims Act Allegations

WASHINGTON – (LoanSafe.org) – Ciena Capital LLC, a private, non-depository lender located in New York City, has reached an agreement with the United States to settle fraud claims related to its small business lending for $26.3 million, the Justice Department announced today.  Ciena and a subsidiary, Business Loan Center (BLC), a small business lending company [...]
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