Episode Details

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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Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

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]

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