Elon Musk, CEO of X, Tesla, and SpaceX, has accused the Treasury Department of widespread fraud after a federal judge temporarily blocked the Department of Government Efficiency (DOGE)'s access to sensitive financial data. Musk, who leads DOGE, claimed to have uncovered billions of dollars in potential waste and fraud in entitlement payments.
Elon Musk responded to a federal judge's order temporarily blocking the Department of Government Efficiency ( DOGE )'s access to sensitive Treasury Department data with a flurry of X posts alleging shocking levels of potential fraud. The preliminary injunction issued Saturday by U.S. District Judge Paul Engelmayer backed 19 Democratic state attorneys general who claimed that giving DOGE 'full access' to the Treasury’s payment systems violates the law. Engelmayer scheduled a Feb.
20 hearing, until which time DOGE will have diminished access to Treasury data that includes Americans’ Social Security, Medicare, veterans benefits and tax refund information. \But Musk said DOGE had already found major problems with the way the Treasury Department was paying America's bills before Engelmayer's injunction. 'I was told that there are currently over $100B/year of entitlements payments to individuals with no SSN or even a temporary ID number. If accurate, this is extremely suspicious,' Musk wrote hours after the ruling. 'When I asked if anyone at Treasury had a rough guess for what percentage of that number is unequivocal and obvious fraud, the consensus in the room was about half, so $50B/year or $1B/week!! This is utterly insane and must be addressed immediately.' The X, Tesla and SpaceX owner and Trump confidante also implied that previous Treasury officials blocked their employees from investigating waste. 'Nobody in Treasury management cared enough before,' Musk wrote. 'I do want to credit the working level people in Treasury who have wanted to do this for many years, but have been stopped by prior management.' \One of the goals agreed upon by DOGE and the Treasury Department, Musk said, is to 'require that all outgoing government payments have a payment categorization code, which is necessary in order to pass financial audits.' 'This is frequently left blank, making audits almost impossible,' he added. Musk also stressed that all Treasury payments 'must also include a rationale for the payment in the comment field, which is currently left blank.' 'Importantly, we are not yet applying ANY judgment to this rationale, but simply requiring that SOME attempt be made to explain the payment more than NOTHING!' Musk wrote. 'The DO-NOT-PAY list of entities known to be fraudulent or people who are dead or are probable fronts for terrorist organizations or do not match Congressional appropriations must actually be implemented and not ignored. 'Also, it can currently take up to a year to get on this list, which is far too long. This list should be updated at least weekly, if not daily,' the entrepreneur added. 'The above super obvious and necessary changes are being implemented by existing, long-time career government employees, not anyone from @DOGE.' GET FOX BUSINESS ON THE GO BY CLICKING HERE Musk added that it was 'ridiculous that these changes didn’t exist already' and revealed he was recently told of massive waste in entitlement payments, to the tune of $1 billion per week. 'Everything at Treasury was geared towards complain minimization,' he added. 'People who receive money don’t complain, but people who don’t receive money (especially fraudsters) complain very loudly, so the fraud was allowed to continue.
ELON MUSK DOGE TREASURY DEPARTMENT FRAUD GOVERNMENT EFFICIENCY INJUNCTION JUDICIAL REVIEW ENTITLEMENTS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk's DOGE Getting Access to Treasury Payment Data Alarms CriticsHarvard professor calls data the 'new gold rush' as tech billionaire's department given 'unprecedented' access.
Read more »
Elon Musk's DOGE Team Accuses Treasury of 'Fraudulent' Payments, Gains Access to Government SystemTech billionaire Elon Musk alleges 'fraudulent' payments from the Treasury Department, claiming approval officers approved payments to known fraudulent and terrorist groups. Musk's DOGE team reportedly gained access to the federal government's payment system, which handles around $6 trillion annually.
Read more »
Elon Musk’s DOGE commission gains access to sensitive Treasury payment systems: AP sourcesThe cost-cutting entity has the keys to the federal government’s Social Security and Medicare customer payment systems, the sources reported.
Read more »
Treasury Department gives Elon Musk, DOGE team access to federal payment system: sourcesThe Treasury Department has given Elon Musk and representatives of his Department of Government Efficiency (DOGE) team access to the vast federal payment system responsible for handling trillions of dollars in government expenditures, multiple sources familiar with the matter told ABC News.
Read more »
Democrats Sound the Alarm as Elon Musk's DOGE Gains Access to Treasury DataDemocrats are raising concerns about Elon Musk's Department of Government Efficiency (DOGE) reportedly gaining access to sensitive Treasury Department data, including Social Security and Medicare systems. They criticize the lack of transparency and call for Republicans to take action.
Read more »
Senate Democrats Attack Elon Musk and DOGE Access to U.S. TreasurySenate Minority Leader Chuck Schumer and other Senate Democrats held a press conference criticizing Elon Musk and the Department of Government Efficiency (DOGE) after DOGE was granted access to the U.S. Treasury payment system. They pointed to suspect payments revealed by Musk.
Read more »