A business line of credit is usually a set amount of money that you can borrow up to. You can use this line of credit all at once, or over a period of time. In this way, lines of credit differ from loans. They behave more like credit cards, but you do …

The bank fraud charges related to a scheme that cost Bank of America, Wells Fargo Bank and other major banks millions of dollars. Yi and Amorello manipulated business and home equity lines of credit extended by the banks. Yi and Amorello accessed the l…