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Our First-Of-A-Kind Estimate of Fraud in the Federal Government

Tuesday, April 16, 2024
Our First-Of-A-Kind Estimate of Fraud in the Federal Government

Our First-Of-A-Kind Estimate of Fraud in the Federal Government

Our new report estimates, for the first time, the direct financial losses from fraud across federal programs and operations. GAO looked at a recent 5-year period and is estimating annual losses from fraud to be between $233 and $521 billion dollars. We learn more about these estimates from GAO's Rebecca Shea and Jared Smith.
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Fraud Risk Management: 2018-2022 Data Show Federal Government Loses an Estimated $233 Billion to $521 Billion Annually to Fraud, Based on Various Risk Environments