Alleging Fraud at SoMoLend, Revisiting Obama's Promises, Tiny Restaurants Thrive: August 13

Alleging Fraud at SoMoLend, Revisiting Obama's Promises, Tiny Restaurants Thrive: August 13
A daily roundup of the most compelling stories about small business and entrepreneurship (Illustration by Andr?? da Loba)
Illustration by André da Loba

Ohio’s securities regulator alleges that SoMoLend, a peer-to-peer lending site for small businesses, made fraudulent financial statements, according to Josh Pichler. [Cincinnati.com]

J.D. Harrison revisits Obama’s 2013 State of the Union address to gauge whether the White House is living up to its promises to small businesses. [Washington Post]

Greg Lambrecht invented a device that extracts wine from bottles without removing the cork. The Coravin, as the gadget is called, “will revolutionize how we drink wine at restaurants—and at home,” writes Elin McCoy. [Bloomberg News]

In New York, very small restaurants are turning big profits, reports Adrianne Pasquarelli. [Crain’s New York Business]

A messy desk can encourage creative thinking, says Trish Regan (video). [Bloomberg Television]

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