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Thousands of loans worth $312 million were granted to children during the COVID-19 pandemic, DOGE announced Saturday. 

It discovered that the Small Business Administration (SBA) had 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 granted in 2020 and 2021.

“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 made the announcement when it revealed the SBA had also issued 3,095 loans for $333 million in 2020 and 2021 to borrowers over 115 years old.

“In 2020-2021, the SBA 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.”

https://x.com/DOGE/status/1898587143796338826

https://x.com/DOGE/status/1897039724822315489

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5 minutes ago, Brocky said:

Simply Amazing!!!!!!!! I wonder if there is any way to find out where these funds went???? If so the recipients should be prosecuted...

Most of it probably went to 3rd world scammers. Fraudulent documentation is just part of their culture. They have honed those skills for decades if not longer. Look at companies like Axact. They are viewed as legitimate business there.

"Axact (Urdu: ایگزیکٹ) is a Pakistan software company that runs numerous websites selling fraudulent academic degrees for fictional universities.[1] The company used to own the media company BOL Network.[2][3][4]

 

 

Fake diplomas scandal

The New York Times investigation

On 17 May 2015, The New York Times published an investigative story reporting that Axact ran at least 370 degree and accreditation mill websites. The report alleged that, although the company did sell software, its main business was to sell fraudulent degrees and certifications on a global scale.[2] The Times further reported that the company had around 2,000 employees, some of whom pretended to be American educational officials and worked in shifts to keep the company open 24 hours per day.[2]""

And believe me they are still in operation, they just improved their game

Have you ever met a "Professional" from a foreign country that seemed like he didn't have a clue, but uses his broken English to hide the fact that he is incompetent?

All our US corporations have HR departments staffed by liberal C&nts who will never question anything said by a sh**skin or take a hard look at his documentation for fear of being called prejudiced, or because she is lazy and stupid.

Now they are entrenched in all kinds of businesses and government agencies. Just look at the CDL and driver's license fraud going on. That is just the tip of the iceberg

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President Trump has declared a national emergency on electricity and doubled the tariffs on aluminum and steel from Canada after retaliatory tariffs.

The president also threatened to permanently shut down the Canadian auto sector. He said the only thing to make his tariffs stop is for Canada to become the 51st state.

The stock market crashed another 500 points as a result and the potential of a recession increases.

The increase in tariffs, from 25% to 50%, goes into affect Wednesday. 

"Based on Ontario, Canada, placing a 25% Tariff on 'Electricity' coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD."

Ontario Premier Doug Ford put a 25% tariff on Canadian electricity to Michigan, New York and Minnesota on Monday in response to earlier tariffs from Trump.

Ford is ready to shut the electricity off completely if the US continues to escalate.

The president also warned more auto tariffs are coming on April 2nd. He wants Canada to drop its retaliatory tariffs on U.S. dairy and agricultural products.

"If other egregious, long time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada. The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make all Tariffs, and everything else, totally disappear."

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