The Washington PostDemocracy Dies in Darkness

New report estimates U.S. fraud losses exceed $233 billion annually

The first-of-its-kind analysis, based on spending between 2018 and 2022, follows a week after the White House endorsed new legislation to crack down on fraud including identity theft.

April 16, 2024 at 10:00 a.m. EDT
The Justice Department building in Washington. (Tom Brenner for The Washington Post)
3 min

The U.S. government may lose between $233 billion and $521 billion to fraud each year, according to a rough federal estimate, the first of its kind, released Tuesday.

But the author of that report — the nonpartisan Government Accountability Office — simultaneously cautioned that its new figure is incomplete and imprecise because of a lack of reliable data and the inherent challenge in uncovering sophisticated schemes to steal federal funds.