2012-12-20americanbanker.com

``According to court papers, the men allegedly used the line of credit from Webster to fund their operations over a period of roughly four years starting in 2007. Though Silver, Harris, Novelli and others allegedly directed Oxford to collect debts from consumers that they represented would be remitted to clients, the men allegedly misled clients about the amounts collected, used collections to fund Oxford's operations and bribed companies to secure business.''


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