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](/https/www.gao.gov/assets/styles/square_s/public/870/867280.jpg.webp?itok=f7e4itBb)
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.