from The Epoch Times:
About 5,600 loans worth $312 million went ’to borrowers whose only listed owner was 11 years old or younger at the time of the loan,’ DOGE said.
The Department of Government Efficiency (DOGE) said over the weekend that it found that the Small Business Administration (SBA) granted thousands of loans worth hundreds of millions of dollars to individuals who had an age listed as 11 years old or younger.
“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 [a Social Security number] with the incorrect name,” the post reads.
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DOGE and the SBA are now working to investigate the matter, according to the post. The Epoch Times contacted the SBA for comment on March 9 but did not receive a response by publication time.
Also on March 8, DOGE stated that a Department of Agriculture contract worth $10.3 million that was for “identifying unnecessary contracts” had been canceled, noting that it was one of 162 nonessential contracts that had been terminated.
Since the start of the second Trump administration, DOGE has been combing through federal agency data to find waste that it can slash in a bid to save money. However, the organization isn’t without its critics and has faced a bevy of lawsuits, including ones questioning DOGE’s legality and the role that Musk is playing.
On March 7, a group of labor unions asked a federal court for an emergency order to stop DOGE from accessing the Social Security data of millions of Americans.
