How Scammers Buried a Small-Business Relief Program

The video discusses fraudulent activities in the Small Business Administration's EIDL program, highlighting how relaxed application processes led to widespread fraud. Despite internal reports and attempts to prevent it, many fraudulent applications were approved. The chaos within the SBA and changing rules have resulted in legitimate businesses being denied funds, while scammers benefited. The program's current state reflects a heightened paranoia about fraud, affecting genuine applicants.

What challenges did SBA employees face when trying to prevent fraudulent grants from being issued?

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What impact did the fraud and lack of controls have on legitimate businesses seeking funding?

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