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
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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Florida ‘Don’t Say Gay’ forced disclosure amendment withdrawn [WFLA]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.