Former MBE Capital Partners, LLC CEO Sentenced to 4.5 Years in Prison (Last modified: July 31, 2023)
Summary
A short web post, last modified July 31, 2023, reporting that Martinez, the former CEO of MBE Capital Partners, LLC, was sentenced to four and a half years in prison. It states that the company was a PPP lender and quotes a March 2022 DOJ statement that Martinez used false representations and documents to obtain SBA approval for the company to be a non-bank PPP lender, then used it to obtain approximately $932 million in capital and over approximately $71 million in lender fees. The post says he spent funds on a villa in the Dominican Republic, a Ferrari and private jets, and pleaded guilty to conspiracy to commit wire fraud a year later.
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Archived web capture. Preserved source — captured from debanked.com; archived 2026-06-25.
Cite this document
“Former MBE Capital Partners, LLC CEO Sentenced to 4.5 Years in Prison (Last modified: July 31, 2023).”
Original at debanked.com. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/former-mbe-capital-partners-llc-ceo-sentenced-to-4-5-years-in-prison-a-af01079727/
, SHA-256 098d72cb11407a8a5bc4ce6b595263544df380688208f487ef1382074020cd2c.Full text
Former MBE Capital Partners, LLC CEO Sentenced to 4.5 Years in Prison R afael Martinez, the former CEO of MBE Capital Partners, LLC, is going to prison. The company was a PPP lender during covid but it was alleged it should not have been! In March 2022, the DOJ said that “Martinez used false representations and documents to fraudulently obtain the approval of the SBA for his company, MBE Capital Partners, LLC, to be a non-bank lender through the PPP. Martinez then used that approval to obtain approximately $932 million in capital to issue PPP loans and earn over approximately $71 million in lender fees.” Martinez then spent those funds on himself, purchasing a villa in the Dominican Republic, a Ferrari, and private jets. He pled guilty to conspiracy to commit wire fraud exactly a year later. Last week he was sentenced to four and a half years in prison. Last modified: July 31, 2023
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- 098d72cb11407a8a5bc4ce6b595263544df380688208f487ef1382074020cd2c
- Original
- debanked.com