Oh My Fraud cover image

Oh My Fraud

This…is American EIDL Fraud!

Aug 2, 2023
The hosts discuss the fraud in the Economic Injury Disaster Loan Program (EIDL). They share personal experiences with natural disasters and eligibility for disaster loans. The benefits of joining a state CPA society and changes to the EIDL program are discussed. The early days of the pandemic and the myth of 'Florida Man' are also covered.
01:09:08

Podcast summary created with Snipd AI

Quick takeaways

  • EIDL loans were subject to pandemic relief fraud, with individuals misusing funds for personal expenses instead of business purposes.
  • The podcast highlights the case of a Florida representative indicted for wire fraud related to EIDL loans, emphasizing the importance of caution when applying for government assistance programs.

Deep dives

Summary of the Podcast Episode

The podcast episode discusses the Economic Injury Disaster Loan Program (EIDL) and the fraudulent activities surrounding it. It highlights two cases: one involving a man who used the loan for personal expenses and purchased a rare Pokemon card instead of using it for his business, and another involving a Florida representative who introduced anti-LGBTQ legislation and was later indicted for wire fraud related to an EIDL. The summary emphasizes the consequences faced by the individuals involved and the need for caution when applying for government assistance programs.

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