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Joseph Lonsdale
Co-Founder, Palantir Technologies

Palantir Founder: We Found Billions in Government Fraud | Joe Lonsdale & Shawn Ryan

📅 May 23, 2026 Joe Lonsdale Clips 10 MIN 127 VIEWS 34 SEGMENTS · 2 SPEAKERS
Shawn Ryan and Joe Lonsdale discuss rooting out systemic government fraud, exploring how technology and new leadership can eliminate corruption and waste within federal agencies. Subscribe for more Joe Lonsdale Clips:    / @joelonsdaleclips   Joe Lonsdale is an American entrepreneur, investor & philanthropist. He has been a part of founding more than a dozen mission-driven companies, including Palantir, Addepar, OpenGov, Affinity, Epirus, Resilience Bio, and 8VC. Timestamps 00:00 Origins of Fighting Fraud 02:03 Investigating Waste and Doge 04:17 Reforming the Justice System 05:30 Combating...

What Joseph Lonsdale said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Joseph Lonsdale, co-founder of Palantir, discussed the company's role in detecting government fraud, waste, and abuse, tracing its origins to PayPal's battle against organized crime. He highlighted ongoing work with the SBA under Kelly Loeffler and at HUD, claiming significant fraud findings. Lonsdale criticized the DOJ for insufficient prosecutions, calling for more competent leadership. He proposed using NGOs for conservative objectives to counter Democratic funding mechanisms, suggesting starting new NGOs designed to wind down. On defense, he praised Ukraine's military innovation, citing electronic warfare and drone control, and mentioned Sign Engineering. He noted Russia's budget troubles, including an inability to project a full-year budget, and expressed hope that Trump would achieve favorable outcomes in Ukraine and Iran within six months.

Key takeaways

  1. Palantir is working with the SBA and HUD to uncover fraud, with Lonsdale calling HUD 'level one ground level for fraud.'
  2. Lonsdale criticized DOJ leadership as 'not nearly as competent as they need to be' and called for more prosecutions.
  3. He proposed using NGOs for conservative objectives, like funding free speech in Europe, to counter Democratic funding.
  4. Lonsdale said Russia is in 'huge budget troubles' and has been unable to project a full-year budget for the last four months.
  5. He praised Ukraine's military innovation, including electronic warfare and drone control, and mentioned Sign Engineering.

Chapters

  1. 0:00Palantir's fraud-fighting origins
  2. 2:15DOD fraud reduction and cultural change
  3. 2:32Democratic Party funding via fraud
  4. 4:06Need for prosecutions and DOJ competence
  5. 5:26Proposal to use NGOs for conservative goals
  6. 7:21Ukraine's military innovation and Russia's budget troubles

Questions asked in this interview

4
  1. 4:03Sheesh. Deputy, think this is started?
  2. 4:33We got to get more competent people whose job is to actually initiate and put people in jail for breaking the law. How do we do that?
  3. 6:40We start new NGOs? Or we partner?
  4. 7:21What's going on in Ukraine, Russia these days?
Joseph Lonsdale 0:00 ↗
Palantir, that's getting into corruption, waste, fraud, all that kind of stuff, right? I mean, this is at the core of the DNA since we started Palantir. You saw at PayPal back in the day before Palantir existed, the Chinese and Russian mafia were stealing all our money, right? That was the big thing. And if you hear Elon talk about fraud, he knows it because he was part of that battle. He was part of that battle to stop that. And he said like, you know, whoever squeals the loudest, that's because you're turning off their fraud. Like I remember Peter was at chess club with some Russian guy who was pissed and he was screaming, yelling, and he was complaining, and it's because Peter was like turning off all of his fraud at work. Because he was tied to these mafia guys. So it's like, yes, this is like core, like Palantir when it was first built, it came out of that experience of understanding how to do data investigations based on fraud. And yeah, Palantir's working right now with the SBA with Kelly Loeffler who's doing an amazing job there. Tons of stuff at HUD. I mean, HUD is just like level one ground level for fraud, right? Just like paying off NGOs for get out the vote purposes, paying off people in the community basically in the inner cities. It's just a lot of nonsense that you're finding.
Sean 1:08 ↗
And the question is, tons of fraud. I mean, I had Nick Searcy come on talk about all the fraud going on with the Somali, the what, the learning centers.
Joseph Lonsdale 1:17 ↗
These are the learning centers. I love it. Look, these tribes are so good at it because they coordinate. Because like you couldn't get, like unfortunately in Europe, you get like a tribe of these, you know, Islamists from wherever, like 15 of them to go rape the teacher together and not tell anyone. Like if you ask 15 of my cousins to go rape a teacher, they'd all like punch you in the face and like there's no way they'd all go do something like that. But these man, these tribes from these places are sick and we've brought them into this country. There's a lot of broken tribes here unfortunately. We need, and yeah, there's tons of fraud tied to subcultures around LA that we're finding. It's really unfortunate. We got to turn all this stuff off.
Sean 1:52 ↗
So I mean, my question, I mean, I got you guys are going over, I keep saying you guys. Palantir COVID era PPP fraud. Palantir is now helping Small Business Administration investigate fraud. Tons of it. You mentioned the HUD, minority contracting abuse. Biden nearly tripled the size of the program. Most contracts were no bid awarded. So anyways, I mean this kind of sounds, didn't we kind of do this with DOD and it didn't...
Joseph Lonsdale 2:15 ↗
Well, DOD turned off a hundred sixty billion dollars of stuff. It's not nothing. That's pretty good stuff.
Sean 2:21 ↗
No, no, no, no. I'm not saying it's not nothing. I'm saying...
Joseph Lonsdale 2:24 ↗
Well, a lot more than you wanted, a lot more to find.
Sean 2:26 ↗
Full distance. But there was so much pushback.
Joseph Lonsdale 2:32 ↗
Yeah, and it was like complicated. I think listen, I think when DOD first started, like let's, I mean I was there at Mar-a-Lago briefly and with Elon and Vivek and others and they were interviewing people to become the secretaries, right? Because Trump had them helping with the transition. And so DOD right from the start was kind of like tied to the boss and tied to the president. And I think there had to be a cultural change with how it worked with the agencies and worked with the leadership in ways they'd be okay with it. But a lot of the best people did go into these agencies and keep working. It's not like it went away fully, right? There's all the cultures there are still in a lot of these places and going. And I love that listen, the president's put the vice president in charge of this, right? And he's, I just saw him recently. He says this is a big objective of his. He's working hard on it. And a lot of the grift that comes from fraud, Sean, is how the Democratic Party funds its allies. This is just the truth. Oh, what? This is how the Democratic Party funds its friends and allies. It's very good at it, right? We caught huge amounts of money going to these things that go to get out the vote for the left. There's hundreds of nonprofits in New York State recently came out that are funding get out the vote. They're funding candidates, right? And so these people will have political power. They'll get money for their NGOs. They'll get money for their businesses with Medicaid or whatever else. And they'll give it right back. It's like political largesse. They give it right back to people benefiting them. And they get more. And it's huge amounts of money. So this is why unfortunately a lot of the left is not on our team for getting rid of fraud because it's funding so many of the people who vote for them and who support them. And this is a huge issue for us to go after much harder. We got to turn it off.
Sean 4:03 ↗
Sheesh. Deputy, think this is started?
Joseph Lonsdale 4:06 ↗
Oh yeah. Oh yeah. Oh yeah. Listen, they're finding a bunch of stuff with the administrator Loeffler on the SBA. They just announced a bunch of stuff in HUD a couple weeks ago that they're finding. There's just all stuff and we're turning it off. And you said the right thing that's also really getting me really annoyed is we should be doing more prosecutions. We should be putting more people in jail because you're finding stuff, it's very clearly fraud, and you're turning it off, and we are not prosecuting. And I think the people running the DOJ are not nearly as competent as they need to be. I'll just put it out there.
Sean 4:33 ↗
How the is this going to change? We got to get more competent people whose job is to actually initiate and put people in jail for breaking the law. How do we do that?
Joseph Lonsdale 4:45 ↗
You put out the word to hire really competent lawyers.
Sean 4:48 ↗
I don't know. Like I've built orgs.
Joseph Lonsdale 4:50 ↗
You built orgs? It's like, I mean I'm...
Sean 4:52 ↗
I know what I would do, but nobody's doing it.
Joseph Lonsdale 4:54 ↗
What would you do? I would fire everybody and bring in...

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Cite this transcript

APA, MLA, BibTeX
APA

Lonsdale, J. (2026, May 23). Palantir Founder: We Found Billions in Government Fraud | Joe Lonsdale & Shawn Ryan [Interview transcript]. Joe Lonsdale Clips. CEOInterviews.AI. https://ceointerviews.ai/interview/937998/

MLA

Joseph Lonsdale. "Palantir Founder: We Found Billions in Government Fraud | Joe Lonsdale & Shawn Ryan." Joe Lonsdale Clips, 23 May. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/937998/.

BibTeX
@misc{lonsdale2026_937998,
  author       = {Joseph Lonsdale},
  title        = {Palantir Founder: We Found Billions in Government Fraud | Joe Lonsdale \& Shawn Ryan},
  howpublished = {Interview transcript, Joe Lonsdale Clips. CEOInterviews.AI},
  year         = {2026},
  month        = {may},
  url          = {https://ceointerviews.ai/interview/937998/},
  note         = {Speaker-attributed transcript with timestamps}
}