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 ...
It is up to the FBI to investigate, a judge to issue a warrant and the DOJ to prosecute.
We have to remember, USAID had personnel whose sole responsibility was to approve or disapprove payments. They were instructed to never disapprove payment requests and in their decades long careers not a single payment was ever denied.
To believe this was not propagated at other agencies is be wholly gullible.
I fail to see an end Sarcasm symbol on your post. If it is not sarcasm, how do you respond to the fact that none of the Social Security numbers match the names of the people who got the loans?
Something members of Congress should have known or better yet, NOT VOTE IT IN!
DOGE is exposing the Uniparty Deep State.
The RINOs will soon start whining.
That’s not a job- that’s freeloading.
“The agencies are either riddled with grossly incompetent people or the fraud is worse than we ever thought or knew.”
Incompetent and utterly corrupt.
They know exactly what they are stealing.
Don’t worry, this will all be explained away by claims that this is just a Cobol glitch caused by defaulting to a certain date when a field is left blank.
Seems like it never ends…
See how many Obunghole has...
My nephews didnt get a penny where is their cut
And yet almost everyone who applies for Disability is rejected on their first application.
It’s not that they are incompetent it is that they are lazy. Both groups of bureaucrats are lazy.
The easiest thing for the Disability processor to do is say no. The easiest thing for the loan processor to do is say yes.
They don’t
The article says that the name on the loans don’t match the name on the SS number.
Someone other than the child submitted the loan application.
Pre-Trump a SS number is a Fraudster’s ticket to money in any number of ways.
Trump is going to close most of those avenues of fraud.
With the talk of shutting down Dept of Ed., possibly moving student loans under the SBA. ( From SNAFU to FUBAR.)
Yes. That was kinda my point.
I can not read this stuff any more. It is impossible for me to have more hatred for the Federal Government Democrats than I have right now. Someone contact me when massive arrests are being made. PM me for contact if you care.
It's already stolen. Give me authority Trump and let me take a force and go get the funds. Please...
Nice that they found evidence of fraud. Now we need arrests, trials and long prison sentences.
That is a big part of it. And that much of the Covid relief stuff was hastily cobbled together with few guard rails.
Probably uses an adult accessory to sign contracts.
bttt
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