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Small Business Administration

Elizabeth Man Submitted Phony Applications To Obtain $100,000+ In Covid Funds: Feds Elizabeth Man Submitted Phony Applications To Obtain $100,000+ In Covid Funds: Feds
Elizabeth Man Submitted Phony Applications To Obtain $100,000+ In Covid Funds: Feds A 53-year-old Elizabeth man recently admitted to his role in a fraud scheme involving COVID funds, phony tax filings and a fake loan application, authorities said. In June 2020, Richard Fadraga submitted a  fraudulent application for an Economic Injury Disaster Loan (EIDL), which resulted in him getting $110,000 from the Small Business Administration in COVID-19 relate proceeds, US Attorney Phillip Sellinger said. The next month, Fadraga submitted another fraudulent application and received a $131,000 loan, Sellinger said. That application was submitted under another person's name to c…