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.

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