Heat oil in large skillet over medium-high heat. Add onions; cook until soft and translucent, about 7 minutes. Add garlic, paprika, cumin and crushed red pepper; cook until fragrant, about 30 seconds more.
Add ground beef to onion mixture. Cook, stirring and breaking up meat with wooden spoon, until cooked through, about 8 minutes. Season meat mixture with adobo. Gently mix in chopped eggs, raisins and chopped olives. Set beef mixture aside to cool.
Heat oven to 375˚ F. Place dough round on work surface. Using heaping tablespoon measure, spoon meat mixture onto center of dough round. Using pastry brush, paint edges of dough with egg wash. Fold dough into half-moon shape; gently press down edges and twist down to seal. Repeat with remaining ingredients.
Divide empanadas among baking sheets, leaving 1½” space between each empanada. Brush tops of empanadas with remaining egg wash. Cook until pastries puff, turn golden brown and filling is hot, about 20 minutes.
To make empanadas ahead of time, form the empanadas as shown in step 3. Then, place empanadas on parchment-lined baking sheets, leaving space between empanadas so they do not touch. Transfer to freezer and freeze until solid, about 2 hours. Wrap each frozen empanada tightly in plastic wrap; transfer to freezer-safe plastic bag. Empanadas can be kept frozen 3 months. To cook, bake empanadas from frozen state.