https://www.sba.gov/sites/default/files/2020-07/5000-20037-508.pdfExamples of COVID-19 EIDL suspicious activity include,but are not limited to,the following:➢➢➢➢➢➢
Use of stolen identities or EIN or SSN numbers to qualify for the EIDL advance or EIDL loan.
Purported businesses, including front or shell companies,lacking indicia of operating presence or history,receiving EIDL advances or EIDL loans.Applicants working with third parties to obtain EIDL advances or EIDL loans in exchange for keeping a percentage of the funds.Account holders that are victims of social engineering schemes and may not know that the source of the funds isan EIDL advance or EIDL loan.
A customer advises afinancial institution thatthe customerreceiveda COVID-19 EIDL ACH deposit from “SBAD TREAS310” and “Origin No. 10103615” into their account, but did not apply for a COVID-19 EIDL loan.
A customer receives a COVID-19 EIDL ACH deposit after thefinancial institutionpreviously denied thecustomer’s Paycheck Protection Program (PPP) loan application, particularly wherethe financial institutionidentified inaccurate or incomplete information in the customer’s PPP loan application.
Additionally, depository financial institutions are encouraged to examine the following transactions more closely to determine if they constitute COVID-19 EIDL suspicious activity:➢➢➢
A customer not known to be a small business, sole proprietor, or independent contractor receives a lump sum COVID-19 EIDLACHdeposit from “SBAD TREAS 310” and “Origin No. 10103615”into a personal account.
A new customer opens an account and shortly thereafter receives a COVID-19 EIDL ACH lump sum deposit from “SBAD TREAS 310” and “Origin No. 10103615”.
A single account receivesmultiple EIDLadvanceor multiple EIDL loandeposits.