GAO Reveals Billions Lost to Fraud | Fargo News
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GAO Reveals Billions Lost to Fraud | Fargo News
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The government’s watchdog just revealed a jaw-dropping estimate: $233 billion to $521 billion a year is lost to fraud—roughly $1,400 to $3,200 per taxpayer. While the Biden team called it “not plausible,” the Trump era acknowledged hundreds of billions are at risk. Despite the GAO’s detailed recommendations to fix fraud tracking, nothing’s been implemented—and agencies like OMB and Treasury still lag. A proposed “DOGE” savings? Experts say it’s misleading—most cuts are unrelated to fraud prevention. With weak controls and organized crime exploiting loopholes, the real number may be closer to the top of that range.
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