Close Menu
Crypto Chain Post
    Trending

    South Korea’s ruling party pushes forward with crypto bill

    June 10, 2025

    Crypto Funds Hit $167B in Assets as Traditional Markets Lose Their Grip

    June 10, 2025

    Bitcoin Price to $130,000? PlanB Hints at Major Trend to Watch

    June 10, 2025

    Nansen Partners with Moni to Add Social Intelligence to On-Chain Analytics

    June 10, 2025

    Here is Shiba Inu Price in 5 Years if Shibarium Burns 10T SHIB Per Month

    June 10, 2025
    Facebook X (Twitter) Instagram TikTok Telegram
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    Tuesday, June 10
    Crypto Chain Post
    Price Index Newsletter
    • Home
    • News
      • Bitcoin
      • Ethereum
      • Altcoin
    • Blockchain
    • Markets
    • NFTs
    • DeFi
    • Web3
    • Analysis
    • Metaverse
    • Resources
      • Price Index
      • Crypto Heatmap
      • Glossary
      • Exchange
      • Economic Calendar
    • More
      • GameFi
      • ICO
      • Legal
      • Security
    Crypto Chain Post
    Home » Elon Musk’s D.O.G.E is investigating wealthy federal employees for fraud
    Legal

    Elon Musk’s D.O.G.E is investigating wealthy federal employees for fraud

    News RoomBy News RoomFebruary 12, 2025No Comments4 Mins Read

    Elon Musk’s Department of Government Efficiency (D.O.G.E) is digging into federal employees whose net worth doesn’t match their salaries. The office, which was created by president Donald Trump, is tracking government workers making a few hundred thousand dollars but somehow sitting on tens of millions.

    “We find it sort of rather odd that there are quite a few people in the bureaucracy who have a salary of a few hundred thousand dollars but somehow manage to accrue tens of millions of dollars in net worth,” Elon said from the Oval today. “We’re just curious as to where it came from.”

    Federal agencies forced to cooperate with Elon

    Trump has ordered federal agencies to cooperate with D.O.G.E to drastically reduce the size of the federal workforce, according to a White House fact sheet released today. The plan limits agencies to hiring one new employee for every four that leave, except in law enforcement, national security, immigration, and public safety.

    As you can see in the video above, Elon made a rare appearance in the Oval alongside self-proclaimed best buddy Trump to defend D.O.G.E’s strategy. His approach has of course been to deploy young investigators across federal agencies, comb through payroll systems, track employee assets, and—when necessary—shut down entire offices.

    Trump said D.O.G.E had already uncovered “billions and billions of dollars in waste, fraud, and abuse.” No direct evidence was provided, but Elon claimed that Treasury Department systems lacked basic safeguards to stop payments to banned entities.

    “It’s like just a massive number of blank checks just flying out of the building,” Elon told reporters. The eccentric billionaire has also been posting cases of fraud on X, exposing major inefficiencies in federal spending. He admitted that some of his claims could be incorrect but said they should just be fact-checked and corrected if that’s the case then. “Trust me, I want to be wrong. I want it proven to me that the scale of corruption I have discovered is, you know, inaccurate,” said Elon.

    Federal workers face uncertain future

    Trump has vowed to push D.O.G.E’s findings through Congress if necessary. He also blasted federal judges for blocking some of his government overhaul efforts but said he would “abide by the courts.”

    Elon Musk with his kid, X, at the Oval with president Trump

    Meanwhile, a federal judge in Rhode Island ruled that the White House had not fully complied with an order to release billions in federal grant money.

    For employees resisting the buyout plan, the situation is uncertain. Government reduction-in-force regulations allow laid-off federal workers to receive up to one year’s salary in severance, depending on age and years of service. Some workers may be reassigned, while others could face immediate dismissal, Elon told the reporters.

    Newly-appointed Treasury Secretary Scott Bessent has stuck by Elon’s side, saying he agrees completely with everything he’s doing and is aligning all his missions at the Treasury with those of D.O.G.E. Ken Griffin, founder of Citadel, also praised Elon’s efforts to curb government waste but took a swipe at Trump’s trade policies.

    “He will do what it takes to win,” Griffin said about Elon at the UBS Financial Services Conference in Miami today. “Thank you, from the bottom of my heart, for making sure my tax dollars are spent effectively.”

    Elon’s aggressive tactics aren’t surprising. He has a long history of cutting jobs fast without warning, and this guy calls himself an “efficiency freak.” At Tesla, Elon laid off 9% of the workforce in 2018, and in 2023, it was around 22%, with termination emails sent out at 2 in the morning. When he took over Twitter (now X) in 2022, Elon fired 80% of the staff—about 6,000 employees.

    Read the full article here

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related News

    What is the CLARITY Act and Why Does it Matter?

    June 10, 2025

    Senate prepares key vote on Trump-backed stablecoin bill

    June 10, 2025

    Paul Atkins Declares Support For Crypto Custody & DeFi Activities

    June 10, 2025

    GENIUS Act Stablecoin Bill Could Pass as Soon as Wednesday

    June 9, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top News

    Crypto Funds Hit $167B in Assets as Traditional Markets Lose Their Grip

    June 10, 2025

    Bitcoin Price to $130,000? PlanB Hints at Major Trend to Watch

    June 10, 2025

    Nansen Partners with Moni to Add Social Intelligence to On-Chain Analytics

    June 10, 2025
    Advertisement
    Demo
    Crypto Chain Post
    • Home
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    © 2025 Crypto Chain Post. All Rights Reserved.

    71-75 Shelton Street, Covent Garden, London United Kingdom, WC2H 9JQ

    Type above and press Enter to search. Press Esc to cancel.