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.
Democracy 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.
By Tony Romm
April 16, 2024 at 10:00 a.m. EDT