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Musk Adviser May Make as Much as $1 Million a Year While Helping to Dismantle Agency that Regulates Tesla and X
by Jake Pearson ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as theyre published. One of Elon Musks employees is earning between $100,001 and $1 million annually as a political adviser to his billionaire boss while simultaneously helping to dismantle the federal agency that regulates two of Musks biggest companies, according to court records and a financial disclosure report obtained by ProPublica. Ethics experts said Christopher Youngs dual role working for a Musk company as well as the Department of Government Efficiency likely violates federal conflict-of-interest regulations. Musk has publicly called for the elimination of the agency, the Consumer Financial Protection Bureau, arguing that it is duplicative. Government ethics rules bar employees from doing anything that would cause a reasonable person to question their impartiality and are designed to prevent even the appearance of using public office for private gain. Court records show Young, who works for a Musk company called Europa 100 LLC, was involved in the Trump administrations efforts to unwind the consumer agencys operations and fire most of its staff in early February.Youngs arrangement raises questions of where his loyalty lies, experts said. The dynamic is especially concerning, they said, given that the CFPB which regulates companies that provide financial services has jurisdiction over Musks electric car company, Tesla, which makes auto loans, and his social media site, X, which announced in January that it was partnering with Visa on mobile payments.The worlds richest man has in turn made no secret of his desire to do away with the bureau, posting just weeks after Donald Trumps election victory, Delete CFPB. There are too many duplicative regulatory agencies. Musk clearly has a conflict of interest and should recuse, said Claire Finkelstein, who directs the Center for Ethics and the Rule of Law at the University of Pennsylvania. And therefore an employee of his, who is answerable to him on the personal side, outside of government, and who stands to keep his job only if he supports Musks personal interests, should not be working for DOGE. Young, a 36-year-old Republican consultant, has been active in political circles for years, most recently serving as the campaign treasurer of Musks political action committee, helping the tech titan spend more than a quarter billion dollars to help elect Trump. Before joining Musks payroll, he worked as a vice president for the Pharmaceutical Research and Manufacturers of America, the trade association representing the pharmaceutical industrys interests, his disclosure shows. He also worked as a field organizer for the Republican National Committee and for former Louisiana Gov. Bobby Jindal, the New York Times reported. Young was appointed a special governmental employee in the U.S. Office of Personnel Management on Jan. 30 and dispatched to work in the CFPB in early February, according to court records and his disclosure form. Someone with his position could be making as much as $190,000 a year in government salary, documents obtained by Bloomberg show. At the same time, Young collects a salary as an employee of Musks Texas-based Europa 100 LLC, where, according to his disclosure report, his duties are to advise political and public policy.Beyond that description, its not clear what, exactly, Young does at Europa 100 or what the companys activities are.It was created in July 2020 by Jared Birchall, a former banker who runs Musks family office, Excession LLC, according to state records. The company has been used to pay nannies to at least some of Musks children, according to a 2023 tabloid report, and, along with two other Musk entities, to facilitate tens of millions of dollars in campaign transactions, campaign finance reports show.As a special government employee, Young can maintain outside employment while serving for a limited amount of time. But such government workers are still required to abide by laws and rules governing conflicts of interest and personal and business relationships.Cynthia Brown, the senior ethics counsel at Citizens for Responsibility and Ethics in Washington, which has sued the administration to produce a range of public records documenting DOGEs activities, said that Youngs government work appears to benefit his private sector employer.Which hat are you wearing while youre serving the American people? Are you doing it for the interests of your outside job? she asked.In addition to his role at Europa 100, Young reported other ties to Musks private businesses. He affirmed in his disclosure form that he will continue to participate in a defined contribution plan sponsored by Excession, the Musk home office, and that he has served since February as a vice president of United States of America Inc., another Musk entity organized by Birchall, where he also advises on political and public policy, the records show. While he lists the latter among sources of compensation exceeding $5,000 in a year, the exact figure is not disclosed.Young did not return a call and emails seeking comment. The CFPB, DOGE and the White House did not respond to requests for comment. Musk didnt respond to an email seeking comment, and Birchall didnt return a call left at a number he lists in public formation records. A lawyer who helped form United States of America Inc. hung up when reached for comment and hasnt responded to a subsequent message. Asked about how his business interests and government work may intersect, Musk said in a February interview that, Ill recuse myself if it is a conflict.The revelation of Youngs apparent violation of federal standards of conduct follows a series of ProPublica stories documenting how another DOGE aide helped carry out the administrations attempts to implement mass layoffs at the CFPB while holding as much as $715,000 in stock that bureau employees are prohibited from owning actions one expert called a pretty clear-cut violation of the federal criminal conflict-of-interest statute. The White House has defended the aide, saying he did not even manage the layoffs, making this entire narrative an outright lie. A spokesperson also said the aide had until May 8 to divest, though it isnt clear whether he did and the White House hasnt answered questions about that. These allegations are another attempt to diminish DOGEs critical mission, the White House said. Following ProPublicas reporting, the aides work at the CFPB ended. On Monday, a group of 10 good government and consumer advocacy groups, citing ProPublicas coverage, sent a letter to the acting inspector general of the CFPB, asking him to swiftly investigate these clear conflicts of interest violations of Trump Administration officials acting in their own personal financial interest. ProPublica has identified nearly 90 officials assigned to DOGE, though its unclear how many, if any, have potential conflicts. Government agencies have been slow to release financial disclosure forms. But Finkelstein said the cases reported by ProPublica call into question the motivation behind DOGEs efforts to undo the consumer watchdog agency.It matters because it means that the officials who work for the government, who are supposed to be dedicated to the interests of the American people, are not necessarily focused on the good of the country but instead may be focused on the good of themselves, self enrichment, or trying to please their boss by focusing on enriching their bosses and growing their portfolios, she said.Unionized CFPB workers have sued the CFPBs acting director, Russell Vought, to stop his attempts to drastically scale down the bureaus staff and its operations. Since taking office, the Trump administration has twice attempted to fire nearly all of the agencys employees, tried canceling nearly all of its contracts and instituted stop-work mandates that have stifled virtually all agency work, including investigations into companies, ProPublica previously reported. The parties will appear before an appeals court this Friday for oral arguments in a case that will determine just how deeply Vought can cut the agency while still ensuring that it carries out dozens of mandates Congress tasked it with when lawmakers established the bureau in the wake of the 2008 financial crisis. The court records produced in the litigation offer a window into the role Young played in gutting the CFPB during the administrations first attempt to unwind the bureau beginning in early February. He was dispatched to the CFPBs headquarters on Feb. 6, just two days after Treasury Secretary Scott Bessent, then the agencys acting director, told the staff and contractors to stop working. The following day, Young and other DOGE aides were given access to nonclassified CFPB systems, court records show. That same day, Musk posted CFPB RIP with a gravestone emoji. On Feb. 11 and 12, Young was included on emails with top agency officials. One of those messages discussed the cancellation of more than 100 contracts, an act that a contracting officer described in a sworn affidavit as including all contracts related to enforcement, supervision, external affairs, and consumer response. Another message involved how to transfer to the Treasury Department some of the more than $3 billion in civil penalties that the bureau has collected from companies to settle consumer protection cases, a move that could deny harmed consumers compensation. A third discussed the terms of an agreement that would allow for the mass layoff of staffers, court records show.In his financial disclosure form, which he signed on Feb. 15, Young listed his employment by Musks Europa 100 as active, beginning in August 2024 through the present. Then, in early March, as the legal fight over the administrations cuts played out before a federal judge, Young sent the CFPBs chief operating officer a message about forthcoming firings, known as a reduction in force, or RIF, in government parlance. In the email, he asked whether officials were prepared to implement the RIF if the judge lifted a temporary stay, according to a March district court opinion that has for the moment stopped most of the administrations proposed cuts. In addition to his employment, Youngs disclosure presents another potential conflict.He also lists owning as much as $15,000 in Amazon stock, a company that is on the bureaus Prohibited Holdings list. Agency employees are forbidden from having such investments, and ethics experts have said that participating in an agency action that could boost the stocks value such as stripping the CFPB of its staff constitutes a violation of the criminal conflict-of-interest statute. Young hasnt responded to questions about that either. Al Shaw contributed reporting and Alex Mierjeski contributed research.
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