Episode Details

A Nebraska senior couple, Frank and Alicia Holstein, thought they’d escaped identity theft after thieves used Frank’s Social Security number to fraudulently secure a $100K SBA loan for a non-existent farm. They reported it — and then, three years later, received a demand for full payment with threats of Treasury action. Shocked and overwhelmed, they turned to the media, which prompted the SBA to admit the notice was a mistake and confirm their fraud report was on file — finally halting the nightmare. Their story is a chilling reminder of how deep identity theft can go — and how slow the system can be to protect the innocent.

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