Richard Fadraga, also known as Ricardo Fadraga, was implicated in a scheme involving fraudulent applications for Economic Injury Disaster Loans (EIDL) as well as illicit tax filings that deceived ...

loans and Economic Injury Disaster Loans (EIDL) from banks and the United States Small Business Administration (SBA). She also submitted false claims to the IRS, trying to secure nearly $1.3 ...

In March of 2023, the tax agency warned of "blatant attempts by ... $200 billion stolen from the Economic Injury Disaster Loan (EIDL) program and Paycheck Protection Program (PPP).

Worse, as the IRS tried to keep up with the changes, COVID-19 programs (PPP loans, COVID-EIDL loans, and ERTC refunds) were referred to within the tax professional community interchangeably.

The CARES Act disbursed funds through grants and forgivable loans through the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). An investigation by the IRS and the U.S ...