Benworth Capital, one of the largest PPP loan approvers, faces legal action from the Federal Reserve Bank of San Francisco over a breach of contract. The bank demands repayment of $67 million.
The lawsuit accuses Benworth of fraudulent fund transfers to Puerto Rico and excessive payments to its CEO, Bernie Navarro, and his wife, Claudia. The politically connected Navarros have close ties with Senators Marco Rubio and Rick Scott.
Bernie Navarro, Benworth's CEO, has a history of influential positions and political involvement. He served in roles like the Latin Builders Association president and considered a run for Miami-Dade County mayor.
[
Collection
]
[
|
...
]