DIAMOND VENTURES, LLC - PRWeb Press Release Account Feed http://www.rsspad.com/rss2a/98780.xml DIAMOND VENTURES, LLC - Press Releases en xml@emediawire.com xml@emediawire.com 30 NAACP Joins Discrimination Lawsuit Against SBA Leading Advocacy Organizations Support Litigation; SBA Under Attack For Failure to License Minorities; Turns over Key Data in Federal Lawsuit http://www.prweb.com/releases/2007/01/prweb498334.htm An African-American led firm has brought a $100 Million lawsuit supported by SBA Inspector General report which finds bias in the license process. The NAACP with other leading consumer and civil rights organizations have joined in to monitor the lawsuit. SBA has allegedly rebuffed Senators John Kerry and Orrin Hatch inquiries on the program. (PRWeb Jan 19, 2007)

Read the full story at http://www.prweb.com/releases/2007/01/prweb498334.htm

]]> http://www.prweb.com/releases/2007/01/prweb498334.htm Dream of Business Growth Realistic For Few When SBA Involved; Venture Capital Not Available to Blacks, Women and Hispanics http://www.prweb.com/releases/2006/05/prweb386851.htm Despite the census reports of growth statistics of black, Hispanic, and women owned businesses, they cannot get venture capital financing through SBA. Senator Kerry has asked SBA for answers and a program of outreach, but SBA has not replied in two months. U.S. Appeals Court has pending ruling on discrimination in venture capital program and release of key records. (PRWeb May 25, 2006)

Read the full story at http://www.prweb.com/releases/2006/05/prweb386851.htm

]]> http://www.prweb.com/releases/2006/05/prweb386851.htm SBA Defies Court Ruling to Turn Over Key Records; Discrimination Lawsuit Breaks Code of Silence on VC Program -SBA’s $25 Billion SBIC Program Challenged- http://www.prweb.com/releases/2006/02/prweb346960.htm SBA has been sued in the first case of its kind for discrimination in their $25 Billion venture capital program-Small Business Investmenrt Company Program. SBA is defying a direct U.S District court order to turn over application data to black plaintiffs. SBA told the U.S. Appeals Court it did not have a deadline to turn over data despite a court order almost a year ago to do so. (PRWeb Feb 16, 2006)

Read the full story at http://www.prweb.com/releases/2006/02/prweb346960.htm

]]> http://www.prweb.com/releases/2006/02/prweb346960.htm U. S. District Court of Washington, D.C. Makes Unprecedented Ruling in Small Business Administration Discrimination Lawsuit - SBA’s $20 Billion SBIC Program Challenged http://www.prweb.com/releases/2004/06/prweb136183.htm Black firm succeeds in advancing case against SBA for discrimination in SBIC program. SBA has not licensed a black firm in eight years out of 500 licensees. It has less than 2% minority licensees of all minority groups. The program has never been sucessfually challenged. SBA provides almost $5 Billion in financing annually (PRWeb Jun 24, 2004)

Read the full story at http://www.prweb.com/releases/2004/06/prweb136183.htm

]]> http://www.prweb.com/releases/2004/06/prweb136183.htm