There is $3.5 million in delinquencies on a total balance of $11.3 million. That is out of a total loan portfolio of $20.5 million. Not a stellar performance, but very different from your statement of 100's of millions in loans that have not been paid back. Also most of the loans are secured although the $500k loan in the newspaper (the one that is being investigated) was not secured.
The audit found that many of the loans had been written off and that is not a part of the “outstanding” figure.
Where are the jobs and why have these companies not been held accountable for creating them?