Posted on 03/09/2025 2:57:19 PM PDT by DFG
The Department of Government Efficiency (DOGE) announced has the agency has identified more than $300 million in COVID-era loans were granted to children.
According to DOGE, they have identified that the Small Business Administration (SBA) granted almost 5,600 loans between 2020 and 2021 for $312 million to borrowers where, at the time of the loan, the listed owner was 11 years old or younger.
DOGE shared on X, “In 2020-2021, SBA granted 5,593 loans for $312M to borrowers whose only listed owner was 11 years old or younger at the time of the loan.”
“While it is possible to have business arrangements where this is legal, that is highly unlikely for these 5,593 loans, as they all also used an SSN with the incorrect name.”
Doge also shared that the curious loans also involve borrowers over 115 years old.
“In 2020-2021, @SBAgov issued 3,095 loans, including PPP (Paycheck Protection Program) and EIDL (Economic Injury Disaster Loan), for $333M to borrowers over 115 years old who were still marked as alive in the Social Security database.”
“In one case, a 157 years old individual received $36k in loans. ”
(Excerpt) Read more at thegatewaypundit.com ...
Thought I read some social media “influencers” also got those loans. Idk what their business is that would require a loan?
Sic em boyee!
Baby needs shoes.
It is simply incredible what a mere handful of young data specialists using AI and other tools can uncover.
The agencies are either riddled with grossly incompetent people or the fraud is worse than we ever thought or knew.
And the “professional” auditors and Inspector Generals are now exposed to completely, totally and absolutely WORTHLESS! Either they are grossly incompetent or they, too, are in on the corruption.
Instead of being hailed as heroes for uncovering this viper’s den of corruption, Musk and his DOGE kiddies will now be again accused of lining their own pockets.
I suggested that sympathy might best be found elsewhere.
“Forgivable loans” to the children of our friends.
These people could teach an egg-sucking dog how to suck eggs.
Flog them Elon, then turn your findings over to AG Barbie.
Inspector Generals
Congressional oversight committees
These folks never saw anything improper anywhere at anytime.
Weird, huh?
HOORAY D.O.G.E.
While it is possible to have business arrangements where this is legal, that is highly unlikely for these 5,593 loans, as they all also used an SSN with the incorrect name.”
......
No wonder DOGE is hated.
Govt doesn’t have a spending problem. It has a stealing problem..
In order to be that bad, you have to very, very good! Knowing the Valid SSN of someone 150 years old and using it, knowing a real SSN and using the wrong name! Really no controls, yet everything passes through…… 🤔🤔🤔🤔
How long has this been going on?
How long has this been going on?
Well, if friends with their fancy persuasion
Don't admit that it's part of a scheme
But I can't help but have my suspicions
'Cause I ain't quite as dumb as I seem
And you said you was never intending……
Claw the money back from their allowances.
FTM
(follow the money)
The millions of Social Security numbers for people more than 110 years old are not sending Social Security payments, but they are definitely being used to collect other benefits. What an outrage.
they now definitely have names and addresses and still not a single person is hauled in for questioning/arrested. the recipient, OR THE ISSUER!!!!!!!
Well, that’s why they call it SMALL business!
Those Social Security numbers are probably being used for people to vote also, perhaps non-citizens or maybe even nonexistent people
Probably a lot of the kids in the baking area. Obviously they took a huge hit during Covid. I’m betting most loans were legit. The kids baking contest shows exactly this type of business owner.
so how does someone under 18 years of age sign a legal contract?
“””The agencies are either riddled with grossly incompetent people or the fraud is worse than we ever thought or knew.”
I’m going with Option B, Jim.
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