Browsing: The U.S. Small Business Administration’s (SBA) Office of the Inspector General has estimated that at least $80 billion distributed from the $400 billion EIDL program could have been fraudulent

     The U.S. failed to take basic steps at the start of the coronavirus pandemic to prevent fraud in a federal aid program intended to help small businesses, depleting the funds and making people more vulnerable to identity theft, the chairman of a House panel examining the payouts said on June 28.