At one point in the wide-ranging, nearly two-hour conversation, Lutnick also said that if Social Security “didn’t send out their checks this month,” his “mother-in-law, who’s 94, she wouldn’t call and complain.”

“She’d think something got messed up, and she’ll get it next month. A fraudster always makes the loudest noise, screaming, yelling and complaining,” the billionaire businessman said.

“Anybody who’s been in the payment system and the processes, who knows the easiest way to find the fraudster is to stop payments and listen, because whoever screams is the one stealing,” he said. “Because my mother-in-law’s not calling, come on, your mother, 80-year-olds, 90-year-olds, they trust the government.”