Court filing
Exhibit 4a Bank Return of Funds Compilation Part 1 — Marshall v. Prestamos CDFI, LLC (Dkt. 142-6, E.D. Pa. No. 5:21-cv-04337)
Filed October 4, 2024 in Marshall v. Prestamos CDFI, LLC; one of 344 filings from this case.
Record facts
| Court | U.S. District Court for the Eastern District of Pennsylvania |
|---|---|
| Filed | 2024-10-04 |
U.S. District Court for the Eastern District of Pennsylvania · No. 5:21-cv-04337-JMG · Doc. 142-6 · 2024-10-04 · Docket on CourtListener
Full text
Ex. 4 – Chart and Compilation of Documents re:
Reasons Class Representatives’ Banks Returned
Disbursements of PPP Funds to Prestamos
Case 5:21-cv-04337-JMG Document 142-6 Filed 10/04/24 Page 1 of 20
BANK RETURN OF FUNDS CHART
Plaintiff
ACH Return
Code1
ACH Return Code
Official Title2
Return of Funds Detail
Bradley Smith,
Sharon
R03
No Account/Unable
to Locate Account
Borrower’s financial institution (Shell Federal Credit Union) did not
identify specific reasons PPP loan disbursement was returned.3
Henderson,
Kristina
R03
No Account/Unable
to Locate Account
Borrower’s financial institution refused to accept any PPP loan
disbursements into personal accounts.4
Horne, Jahbrael
R03
No Account/Unable
to Locate Account
Borrower’s financial institution (Bank of America) did not identify
specific reasons PPP loan disbursement was returned.5
Johnson, Alyshia
R16
Account Frozen
Borrower’s financial institution (Republic Bank & Trust) was “not
designed for business use.”6
Jones, Jamie
R23
Credit Entry Refused
by Receiver
Borrower’s financial institution (BMO Harris Bank NA) did not
identify specific reasons PPP loan disbursement was returned.
Lloyd, Gregory
N/A
N/A
7
Marshall, Alicia
R23
Credit Entry Refused
by Receiver
Borrower’s financial institution (Dave) is only “for personal, family,
or household purposes and . . . may not be . . . use for business
purposes.”8
Martin, John
R17
File Record Edit
Criteria
Borrower’s financial institution (America First Credit Union) did not
accept PPP loans because Borrower did not have a business account.9
Case 5:21-cv-04337-JMG Document 142-6 Filed 10/04/24 Page 2 of 20
Marvel, Lametria
R23
Credit Entry Refused
by Receiver
Borrower’s financial institution (Dave) is only “for personal, family,
or household purposes and . . . may not be . . . use for business
purposes.”10
Townsend, Paris
R23
Credit Entry Refused
by Receiver
14
Ahmadou,
Kolawole15
R23
Credit Entry Refused
by Receiver
16
17
18
19
1 Documentation identifying the ACH return code associated with each class representative is found at Ex. 3.
2 Additional information concerning ACH return codes, including the official title of each, can be found at Page Nos. 1-16 of the
accompanying compilation of source documentation (the “Accompanying Compilation.”) (EVOLVE-00000073).
3 Accompanying Compilation at 17-18 (S. Smith Bradley Dep.) at 84:14-25 (“Q: And what did the bank tell you? A: They didn’t
receive a wire into my account for $12,500.”).
4 Id. at 19-20 (K. Henderson Dep.) 86:10-13 (“Q: So you had a phone call with your bank and they told you that they rejected all PPP
loan funds on any personal account; is that accurate? A: That is accurate.”); Id. at 21 (PSCU-00000125).
5 Id. at 22-24 (J. Horne Dep.) at 140:15-141:3.
Case 5:21-cv-04337-JMG Document 142-6 Filed 10/04/24 Page 3 of 20
6 Id. at 25-26 (A. Johnson Dep. Ex. 8 Excerpts) at 5 (“The Card and Virtual Account are not designed for business use, and we may
close your Card Account if we determine that it is being used for business purposes. We may refuse to process any transaction
that we believe may violate the terms of this Agreement or applicable law.”).
7 Id. at 27-30 (G. Lloyd Dep. Ex. 2 Excerpts) at ’94-96; Id. at 31-32 (G. Lloyd Dep.) at 36:9-37:22.
8 Id. at 33 (Dave Spending Account Deposit Agreement and Disclosures) § I.B.
9 Id. at 34-35 (J. Martin Dep.) at 56:2-14 (“[T]he letter from the bank was basically saying that . . . we can’t receive business loans on
a personal account, so we have to return the funds.”).
10 Id. at 33 (Dave Spending Account Deposit Agreement and Disclosures) § I.B.
11 Id. at 36 (P. Townsend Dep. Ex. 14).
12 Id. at 37 (P. Townsend Dep. Ex. 15).
13 Id. at 38 (P. Townsend Dep. Ex. 17).
14 Id. at 39 (P. Townsend Dep. Ex. 16).
15 Although Plaintiffs voluntarily dismissed Ahmadou as a class representative, he was dismissed after his deposition was taken and
his situation is emblematic of the diverse circumstances under which putative class members’ banks returned Prestamos’s
disbursements of PPP funds.
16 Id. at 40 (K. Ahmadou Dep. Ex. 11).
17 Id.
18 Id. at 41 (K. Ahmadou Dep. Ex. 12).
19 Id. at 40 (K. Ahmadou Dep. Ex. 11).
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