(03-10-2025, 06:33 AM)The Drifter Wrote: DOGE says $312M in loans were given to children during COVID pandemic
'@DOGE and @SBAgov are working together to solve this problem this week'

The Department of Government Efficiency (DOGE) announced a further wave of contract terminations late Saturday, noting that they also identified thousands of cases where more than $300 million in loans were granted to children.

The announcements come as the Elon Musk-led agency continues to root out waste, fraud and corruption in the federal government.

DOGE said it identified that the Small Business Administration (SBA) granted nearly 5,600 loans for $312 million to borrowers whose only listed owner was 11 years old or younger at the time of the loan. The loans were issued in 2020 and 2021 – while the world struggled with the COVID-19 pandemic – and it is unclear what they were used for.

https://www.foxnews.com/politics/doge-sa...d-pandemic

The good news on these loans is their parents are responsible for paying them back. Let's hope we can recover a lot of it if they are fraudulent. But then all of them are as a minor cannot enter into a legal agreement without the signature of an adult. That means the person making the loan has committed a white collar crime.

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