$521 Billion Fraud Landscape
A federal watchdog estimated that the government lost between $233 billion and $521 billion annually to criminals committing fraud.The federal government lost up to half a trillion dollars to fraud each year over a five-year period, according to an April 15 report from the Government Accountability Office.
That’s enough to employ a million people for seven years or purchase a million homes.
Federally funded, state-run programs are major targets, according to April 15 testimony from Robert Westbrooks, former federal inspector general. Westbrooks said problems can occur when states control the disbursement of federal funds because that can reduce accountability and incentives.
Based on data from fiscal years 2018 through 2022, the federal watchdog estimated that the federal government lost between $233 billion and $521 billion annually to fraud.
Read about the misuse of taxpayer money
Recent fraud: Office of Public Affairs
2 comments:
C'mon, Lynn. I want more content about all the great things your cult leader is doing. He says he's won the war in Iran twice now. He's pretending he's Jesus Christ on social media. Gas prices are at rock bottom, right? Everyone loves him around the world.
I want to hear all of it in great detail! Or, I guess, you can keep posting about the mayor of New York City.
LOL
I'll post about what I want to post about...not what you want. Skip the bull sh!t and start getting concerned about the Muslims wanting to takeover the world, not President Trump and his strategy that will work out just fine. You put up with Obama for 8 years and Biden for 4, a disastrous 12 years.
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