From $100 billion to zero: The historic error of the U.S. Treasury.
A team of auditors from the Department of Government Efficiency (DOGE), led by Elon Musk, discovered that the U.S. Treasury has operated for decades with critically absent financial controls. Basic fields such as payment categories, justifications, and identity verifications (such as Social Security numbers) were empty or missing in millions of transactions. According to internal documents, this allowed more than $50 billion annually —equivalent to $1 billion weekly— to be diverted to fraudulent accounts without identification.
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