Elon Musk calls out ‘magic money computers’; claims are ‘the biggest scam of all time’

Elon Musk has described the government's handling of funds given to non-profits as a major scam. Speaking on the Verdict podcast with Republic Senator Ted Cruz from Texas the Tesla and SpaceX CEO claimed that the Department of Government Efficiency (DOGE) has discovered 14 "magic money computers" capable of transferring US funds anywhere. Musk noted that it is “maybe the biggest scam of all time” and criticised the lack of controls and auditing applied to these non-profits.




In the podcast, Cruz asked the billionaire whether he found incompetence or if it was the biggest money laundering scheme.
Replying to this, Musk said: “In my opinion, it's like 80% waste and 20% fraud but you do have these sorts of grey areas. For example, we saw a lot of payments going out of Treasury that had no payment code and no explanation for the payment and then we're trying to figure out what that payment is and we see that okay that contract was supposed to be shut off but someone forgot to shut off that contract and so the company kept getting money. Now is that waste or fraud? Both. You're getting something you're not supposed to get but the government sent it to you and nobody from the government asked for it back.”
“This is just obviously one of the biggest scam portholes we've uncovered which is really crazy is that the government can give money to a so-called nonprofit with very few controls and then that and there's no auditing subsequently of that nonprofit,” he continued.

"They're mostly at the Treasury, some are at HHS, one or two at State, there's some at DOD, I think we've found 14 magic money computers. They just send money out of nothing," Musk noted.
Explaining the ‘magic money computers’, Musk said: "You may think that government computers all talk to each other, they all synchronise, they add up what funds are going somewhere and it's coherent and that the numbers you're presented as a Senator are actually the real numbers...They're not."
He acknowledged that "they're not entirely wrong" but estimated the figures to be "likely" off by about 5 to 10%.
"Any computer which can just make money out of thin air, that's magic money," Musk noted.
When asked about how these computers work, Musk said, ‘it just issues payments!”