The Biden administration’s reckless spending spree is finally coming to light, and Lee Zeldin, President Trump’s newly appointed EPA Administrator, just dropped a bombshell: $20 billion of taxpayer money was quietly stashed at an outside financial institution under Biden’s EPA, funneled through handpicked entities with minimal oversight. This shocking revelation comes in response to a Project Veritas undercover video that exposed Biden’s EPA officials admitting they rushed to funnel billions into climate projects as an “insurance policy” against President Trump taking office.
In the explosive undercover footage, Brent Efron, a special advisor at the EPA under Biden, openly admitted that the agency scrambled to allocate as much money as possible before Trump’s return to office. “Now it’s how to get the money out as fast as possible before they [Trump Administration] come in,” Efron said, comparing the process to throwing gold bars off the Titanic. He even admitted that much of the money was being funneled through nonprofits, states, and tribes because they would be “safer from Republicans taking the money away.” Translation: they knew they were wasting taxpayer dollars, and they didn’t care.
Zeldin, determined to clean house, confirmed on Wednesday that his team at the EPA had indeed “found the gold bars.” His investigation uncovered a deeply corrupt scheme in which Biden’s EPA funneled $20 billion to outside financial institutions, with just eight handpicked entities responsible for distributing taxpayer money with little to no transparency. One such entity, the so-called “Climate United Fund,” received nearly $7 billion alone.
“This scheme was the first of its kind in EPA history,” Zeldin said, making it clear that Biden’s administration deliberately engineered a system that ensured these funds would be locked away, beyond the reach of the incoming Trump administration. “It was purposely designed to obligate all of the money in a rush job with reduced oversight.”
🚨The Biden EPA tossed $20 billion of “gold bars off the Titanic”.
BIG UPDATE! We found the gold bars and they are now being recovered for you, the hardworking American taxpayer.
Here are more of the details: pic.twitter.com/DM4C0TQcpj
— Lee Zeldin (@epaleezeldin) February 13, 2025
But Zeldin isn’t letting it slide. He’s calling for the immediate termination of the financial agent agreement with the bank that was holding these funds and demanding that every last penny be returned to the EPA for proper review. “EPA needs to assume responsibility of all these funds. We will review every penny that has gone out the door,” he vowed, adding that he will be referring the matter to the inspector general and working with the Justice Department.
This is Biden’s EPA in a nutshell—playing fast and loose with your money, shoveling billions into secret slush funds, and hoping no one would notice. But President Trump and Zeldin are on the case, and accountability is coming. The days of Democrats using government agencies as their personal piggy banks are over.