Showing posts with label Prosper. Show all posts
Showing posts with label Prosper. Show all posts

Tuesday, December 08, 2015

Loaning money to killers

Who loaned money to the San Bernardino killers? Reuters reports,

Online lender Prosper recently made a $28,500 loan to Syed Rizwan Farook who, along with his wife, killed 14 people at a holiday party last week in San Bernardino, California, according to a source familiar with the matter.

One of the Reuters government sources said Farook and Malik apparently pursued a scenario previously followed by U.S.-based militants by draining their bank accounts and maxing out credit lines before embarking on what they believe to be a suicide mission, knowing that they would not have to pay off the debts.

Prosper evaluates borrowers for loans, which are originated by third-party bank WebBank. Prosper then sells the loans off to investors.
read more here.