This…is American EIDL Fraud!
In previous episodes Caleb and Greg have discussed the rampant fraud in the Paycheck Protection Program (PPP). But in this episode, the guys discuss a much less talked about program that was also subject to a lot of pandemic relief fraud: Economic Injury Disaster Loans (EIDL).
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Sources:
- 1980 Grand Island tornado outbreak [Wikipedia]
- Economic Injury Disaster Loans [SBA]
- Business Physical Disaster Loans [SBA]
- Current Declared Disasters [SBA]
- Coronavirus Aid, Relief, and Economic Security Act
- Paycheck Protection Program and Health Care Enhancement Act
- Disaster Assistance Upate Nationwide COVID EIDL, Targeted EIDL Advances, Supplemental Targeted Advances April 28, 2022 [SBA]
- Inspection of Small Business Administration’s Initial Disaster Assistance Response to the Coronavirus Pandemic
- COVID-19 EIDL Program Recipients on the Department of Treasury’s Do Not Pay List
- Georgia man admits submitting false information to obtain COVID-19 disaster relief funding [DOJ]
- Georgia man who used COVID relief funds to buy Pokemon card sentenced to prison [DOJ]
- He Spent $57,000 in Covid Relief on a Pokémon Card. Now the U.S. Owns It. [NYT]
- Florida Man [Wikipedia]
- Florida Man Beats Out Heart Disease As Nation's No. 1 Killer [The Onion]
- Florida ‘Don’t Say Gay’ forced disclosure amendment withdrawn [WFLA]
- Florida State Representative Indicted For Wire Fraud, Money Laundering, And Making False Statements [DOJ]
- Florida Lawmaker Charged With Pandemic Aid Fraud [NYT]
- State Rep. Joe Harding resigns after federal indictment for wire fraud [TBT]
- Former Florida State Representative Pleads Guilty To Wire Fraud, Money Laundering, And Making False Statements In Connection With Covid-19 Relief Fraud [DOJ]
- North-Central Florida Blimp Company Executive Sentenced To Over Five Years In Federal Prison For COVID-19 Relief Fraud [DOJ]
- Florida blimp executive, relative of former state lawmaker, sentenced to federal prison in pandemic fraud [SFSS]
Postscript
Since we recorded this episode, there have been a couple developments:
1. The Small Business Administration released a new report entitled "COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape" on June 27, 2023. It estimates that the total amount of fraud between EIDL and PPP is ~$200 billion.
2. Former Florida Representative Joe Harding requested that his sentencing be pushed back a couple months. He still faces a maximum sentence of 35 years after pleading guilty to wire fraud, money laundering and making false statements about COVID-19 relief aid he received.
Since we recorded this episode, there have been a couple developments:
1. The Small Business Administration released a new report entitled "COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape" on June 27, 2023. It estimates that the total amount of fraud between EIDL and PPP is ~$200 billion.
2. Former Florida Representative Joe Harding requested that his sentencing be pushed back a couple months. He still faces a maximum sentence of 35 years after pleading guilty to wire fraud, money laundering and making false statements about COVID-19 relief aid he received.
Creators and Guests
Host
Caleb Newquist
Writer l Content at @GustoHQ | Co-host @ohmyfraud | Founding editor @going_concern | Former @CCDedu prof | @JeffSymphony board member | Trying to pay attention.
