, and a recent memo from the House Select Subcommittee on Coronavirus Crisis lays out how widespread it might be. As much as $79 billion in potentially fraudulent EIDL loans and advances were made and up to $4.6 billion in potentially fraudulent PPP loans were made, the memo said.
In a statement to CNBC, the SBA said the Biden administration takes its responsibility seriously to safeguard taxpayer dollars and prevent fraud, waste and abuse in federal programs. Hebert, who has a state-registered LLC from over a decade ago that he never wound up using for a business, says he called the SBA and spoke to a customer service representative, who let him know the account would be flagged. He also went to IdentityTheft.gov to file a report that his identity had been stolen and has reached out to the SBA OIG as well.
But Hebert has received a letter saying he will need to start making loan payments of $220 a month beginning in July. Detective Richard Clarke of the Lauderhill, Florida police department, says it was "ridiculously easy" for criminals to access aid from small business Covid-19 relief programs last year.The warrant said Taylor was able to access $81,100 via the PPP. He's accused of taking a business owner's information, applying for the loan and transferring the owner's mailing address to his own.