DOGE Discovers Massive Loan Scheme for Pre-Teen Children – IOTW Report

DOGE Discovers Massive Loan Scheme for Pre-Teen Children

(American Political Report)—The Department of Government Efficiency (DOGE), led by Elon Musk, uncovered that the Small Business Administration (SBA) issued approximately 5,600 loans totaling $312 million to borrowers listed as 11 years old or younger during the Covid-19 pandemic in 2020 and 2021, as reported by Fox News.


DOGE’s investigation revealed potential fraud, noting that many of these loans used Social Security Numbers (SSNs) that did not match the names of the listed borrowers, raising questions about the SBA’s verification processes, according to the same Fox News article.

This discovery follows DOGE’s broader mission, established under President Donald Trump’s administration in January 2025, to root out waste, fraud, and corruption in federal spending, as outlined in an executive order and detailed on Wikipedia. more here

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