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 ...
Perfect Rod Stewart lyrics! Maybe it’s about the breakup of the American People and their stinking federal government.
Unless the parents co-signed, the minors are not legally responsible for the loan. Wanna guess if their are adult signatures on those loans
“Inspector Generals
Congressional oversight committees”
If only there had been sternly worded letters and criminal referrals to DOJ. If only... (/s)
“It has a stealing problem.”
It has a crooked politician problem.
Total incompetence on one side of the equation and fraud on the other
“”Doge also shared that the curious loans also involve borrowers over 115 years old.””
That’s funny - supposed to be people that old getting SS benefits and they also got loans? Living pretty high on the hog, I guess!
GO ELON!!!!
whats even more of a outrage is this, & i dont believe it has even been addressed yet.
Illrgals, undocumented having been coming over here for years as we all know.
If they are working w/o a SSN , of course thete is a spec type of number , a very general type of number that allows them to work, they pay the taxes, etc...
work here for a couple of decades and retire back to THEIR HOMETOWN COLLECTING SOC SEC.
now howsabout dem’ apples??
“”And the “professional” auditors and Inspector Generals are now exposed to completely, totally and absolutely WORTHLESS””
IMO has always been so relative to IG’s...I have long harped on their uselessness....they know how to write reports and that’s it! Always have been a waste of taxpayer dollars!
-PJ
No wonder all of these apparently compromise inspector generals got fired recently. Weren’t they supposed to be inspecting things to avoid fraud and other Lawless behavior? They should be all water boarded. GITMO be a good place for them for a while. Losers.
If it was legitimate, why would the name used not match the one connected to the Social Security number?
Yup, they're in Hog Heaven!
“ Thought I read some social media “influencers” also got those loans. Idk what their business is that would require a loan?”
The broker, who will take his 66% cut. If it’s an illegal 80%. That’s the loan. They find 5,000 families offer them some money in exchange for their kids name and address and where to send the check. Money goes to broker, broker through a shell company writes those families a check.
No one knows who the broker is and everything else is fake.
You left out thieving
:)
her riddled with grossly incompetent people or the fraud is worse than we ever thought or knew.
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?
Xxxxxxxxxxxxx
They prolly use the same source of names & SSAN for phantom voters.
Data is today’s gold
Exactly, votes, move money, collect money under false pretenses, write Letters to editors, etc.
“Claw the money back from their allowances.”
Render the money out of their hides.
Pedo Joe trying to shut them up with hush money?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.