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DOGE finds over $300M in pandemic loans granted to children under 12, sparking investigation.
The Department of Government Efficiency (DOGE), headed by Elon Musk, discovered that the Small Business Administration (SBA) granted over $300 million in loans to children aged 11 or younger during the pandemic years of 2020 and 2021.
Nearly 5,600 loans were issued to borrowers whose only listed owner was a minor, with the purpose of these loans unclear.
DOGE, working with the SBA, is investigating the issue as part of its efforts to reduce government waste and fraud.
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El DOGE encuentra más de 300 millones de dólares en préstamos pandémicos concedidos a niños menores de 12 años, lo que da lugar a una investigación.