Chicago, IL–(ENEWSPF)– A former U.S. Small Business Administration employee is facing federal fraud charges for allegedly selling-off delinquent loans on behalf of the agency to two relatives, while failing to disclose his relationship to them, and sharing the profit from the private collection of two of the loans. The defendant, Thomas Butler, a former lenders relations officer with the SBA, was indicted by a federal grand jury yesterday on eight counts of wire fraud, Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois, announced today.
