Elon Musk and his squad at the Department Of Government Efficiency (DOGE) are back in the spotlight this time with a bold claim about the U.S. financial system. In a sit-down with a Fox News reporter on the 1st of May, 2025, Musk and his team dropped a bombshell: the Small Business Administration allegedly dished out $330 million in loans to people who are either no longer alive or haven’t even been born yet.
In the footage making rounds, Musk posed a sharp question: “Is the Small Business Administration giving loans to dead people, people over the age of 120? The answer was yes and it was around $330 million in total.”
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He didn’t stop there. The fraud, he said, stretched to include people with future birthdates. “We’re talking about your great grandchildren. With the birthdate, like, of 2165. Because your birthday is in the future, the far future. Not like next year. This is either fraudulent or we have your birthday wrong.”
Since January, DOGE has reportedly been digging through government records and tracing financial leaks, and in April 2025, they flagged another worrying discovery: a nonprofit allegedly funded with public money was found sending explicit material to minors across the U.S.