DIAMOND VENTURES, LLC - PRWeb Press Release Account Feed http://www.rsspad.com/rss2a/62638.xml DIAMOND VENTURES, LLC - Press Releases en xml@emediawire.com xml@emediawire.com 30 Is The SBA SBIC Program A Racist Institution?Critical Documents From Discrimination Lawsuit Reveal Bias-SBA’s $25 Billion Program Lacks Minority Managers and Records of Investments By Black and Minority Managed Firms- http://www.prweb.com/releases/2004/09/prweb159264.htm Atlanta based firm, led by blacks, proceeds with discrmination lawsuit against SBA's $25 Billion SBIC program. Lawsuit occurs 10 years after study concluding that SBA treats blacks and minorities seperately from whites in the "regular" SBIC program. Firm reports on key document sturned over in the lawsuit showig bias and seperate treatment. (PRWeb Sep 20, 2004)

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]]> http://www.prweb.com/releases/2004/09/prweb159264.htm SBA Discrimination Suit Proceeds Against SBIC Program - Black Firm Presses For Unprecedented Change http://www.prweb.com/releases/2004/02/prweb103642.htm Diamond Ventures, a majority black venture capital firm is suing SBA for discrmination in its SBIC program. SBA has 450 licensees and none are black and less than five are women and minority. The inspector genral found bias in the application process. (PRWeb Feb 10, 2004)

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]]> http://www.prweb.com/releases/2004/02/prweb103642.htm Black Venture Capital Firm Files Discrimination Complaint against SBA for Discrimination in SBIC Venture Capital Program-SBA Celebrates 50th Anniversary- Fails to Highlight Dismal Recordsof SBIC Investment in Minority Firms http://www.prweb.com/releases/2003/09/prweb80562.htm SBA sued for discrimination in $20 Billion Small Business Investment Company Progam. Black firm's allegations supported by Inpector General report and dismal statistics showing SBA only approved 14 of 450 firms that wer minorty-two black. These 450 firms deploy $20 Billion in the last 10 years. (PRWeb Sep 18, 2003)

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]]> http://www.prweb.com/releases/2003/09/prweb80562.htm Black Venture Capital Firm Files Discrimination Complaint against SBA for Discrimination in SBIC Venture Capital Program. Inspector General Finds Bias and Separate Treatment in Recent Report. Rainbow Push Outraged. http://www.prweb.com/releases/2003/08/prweb76926.htm Black firm files unprecedented lawsuit against SBA for discrimination in its Small Business Investment Company ("SBIC")program. SBA has no licensees that are Black, and less than 5 which are Asian, Black, Native Indian, and Women combined. SBA and its currently-licensed SBIC's have only loaned and investd 5% of $20 Billion to minorities.The Inspector Genral found bias and the U.S. Commision on Civil Rights found that SBA fails to monitor discrimination claims. (PRWeb Aug 22, 2003)

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]]> http://www.prweb.com/releases/2003/08/prweb76926.htm Black Venture Capital Firm Files Action Against SBA for Discrimination in SBIC Venture Capital Program-- Inspector General Finds Bias and Separate Treatment in Recent Report -- http://www.prweb.com/releases/2003/05/prweb64925.htm SBA has not licensed a black firm in its $20 Billion SBIC program, since 1994. No more than 10 Women, Asian, Hispanic,and Native Indian firms have received more than licenses as a group, and only 5% of the program's impact in the $20 Billion invested by 450 firms. A scathing Inspector General Report finds numerous errors supporting Diamond Ventures Action for Discrimination and Institutional Racism in SBA's SBIC Program. Diamond's Action may change program operations in Congress. (PRWeb May 3, 2003)

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