Musk Says DOGE, Treasury Agree on New Anti-Fraud Measures to Claw Back $50 Billion in Payment Fraud

One of the most significant changes will be the requirement that all outgoing government payments include a payment categorization code.
Musk Says DOGE, Treasury Agree on New Anti-Fraud Measures to Claw Back $50 Billion in Payment Fraud
The U.S. Department of the Treasury in Washington on Feb. 7, 2025. Madalina Vasiliu/The Epoch Times
Tom Ozimek
Updated:
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Elon Musk said on Feb. 8 that the Department of Government Efficiency (DOGE) and the Treasury Department have agreed on new anti-fraud measures aimed at preventing tens of billions of dollars’ worth of fraudulent government entitlement payments each year.

In a Feb. 8 statement shared on social media, Musk described the scale of the problem as “utterly insane,” citing estimates that at least $50 billion annually is being lost because of improper payments, including funds going to people without Social Security numbers or even temporary ID numbers.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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