this post was submitted on 29 Apr 2025
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Elon Musk’s Doge conflicts of interest worth $2.37bn, Senate report says (www.theguardian.com)
submitted 19 hours ago by HellsBelle@sh.itjust.works to c/news@lemmy.world
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Elon Musk and his companies face at least $2.37bn in legal exposure from federal investigations, litigation and regulatory oversight, according to a new report from Senate Democrats. The report attempts to put a number to Musk’s many conflicts of interest through his work with his so-called “department of government efficiency” (Doge), warning that he may seek to use his influence to avoid legal liability.

The report, which was published on Monday by Democratic members of the Senate homeland security committee’s permanent subcommittee on investigations, looked at 65 actual or potential actions against Musk across 11 separate agencies. Investigators calculated the financial liabilities Musk and his companies, such as Tesla, SpaceX and Neuralink, may face in 45 of those actions.

Although the report gives a total estimated amount, it also states that the $2bn-plus figure does not include how much Musk could avoid from investigations that the Trump administration declines to launch. It also excludes the potential contracts, such as communications deals with his Starlink satellite internet service, that Musk’s companies could gain because of his role in the administration.

“While the $2.37 billion figure represents a credible, conservative estimate, it drastically understates the true benefit Mr Musk may gain from legal risk avoidance alone as a result of his position in government,” the report states.

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[–] blakenong@lemmings.world 1 points 6 hours ago

Amen