Elon Musk alleges US Treasury fraud costs Americans $50 billion a year-'$1 billion vanishes weekly!'
- Posted on February 9, 2025
- By Business News Today
- 2 Views
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Elon Musk alleges US Treasury fraud costs Americans $50 billion a year-'$1 billion vanishes weekly!'
![](https://img.etimg.com/thumb/msid-118085066,width-1200,height-630,imgsize-37318,overlay-economictimes/articleshow.jpg)
Elon Musk has voiced concerns about widespread fraud in US government entitlement payments, alleging that over $100 billion may be disbursed annually to individuals without valid identification. He has highlighted inefficiencies in the Treasurys payment system and pushed for reforms, including categorisation codes and a stricter ‘Do-Not-Pay list.