Fraud Costs the Federal Government up to $521 Billion a Year

Money Waste Government

The federal government loses up to $521 billion a year to fraud, according to a first-of-its-kind estimate from a Congressional watchdog. 

The U.S. Government Accountability Office, which serves as the research arm of Congress, estimated annual fraud losses cost taxpayers between $233 billion and $521 billion annually, according to a new report published Tuesday. The fraud estimate’s range represents 3% to 7% of average federal obligations. 

Read More

Taxpayers Supply $1 Billion Annually, and AmeriCorps Is Seven Years Without Clean Audit

Americorps People

Taxpayers provide it $1 billion annually, and for seven years running, AmeriCorps has failed to get a clean audit. A North Carolina congresswoman says that’s enough.

Identifying fraud risks, assessing inherent fraud risks, setting risk tolerance and consideration of existing controls were all cited in a scathing report of the Corporation for National and Community Service – aka AmeriCorps – from the U.S. Government Accountability Office.

Read More

Government Estimates Unemployment Fraud During Pandemic Cost Up to $135 Billion

The U.S. government estimated unemployment fraud during the pandemic cost taxpayers up to $135 billion or about 11% to 15% of the total amount of unemployment insurance benefits paid during the pandemic.

That’s according to the latest report from the U.S. Government Accountability Office, which the U.S. Department of Labor disputes. 

Read More

Department of Defense Missed Half of Watchdog Deadlines So Far This Year

aerial view of The Pentagon

The Pentagon has missed half of its deadlines to respond to requests from a Congressional watchdog in the last six months. 

A report from the U.S. Government Accountability Office, the investigative arm of Congress, found that the U.S. Department of Defense submitted about half of its agency comments and sensitivity or security reviews after deadlines set by the watchdog.

Read More

Time for Nation’s Largest Employer to Rethink Office Space, GAO Says

It’s time for the largest employer in the United States to rethink its 511 million square feet of office space, according to a congressional watchdog. 

A report from the U.S. Government Accountability Office found that the federal government spends billions each year on underused office space. It recommended agency officials take another look at how much office space they need. 

Read More

NIH Gives $2.2 Billion to Foreign Animal Testing Labs That Lack Oversight

There are disturbing gaps in oversight at overseas labs that use animals in experiments. Labs to which the National Institutes of Health has given $2.2 billion in contracts and grants from 2011 to 2021, according to a recent report from the U.S. Government Accountability Office (GAO).

Read More

Government Report: Unemployment Fraud May Top $60 Billion During Pandemic

A U.S. government report released Monday estimates that there could have been more than $60 billion in unemployment insurance fraud during the pandemic. The report by the U.S. Government Accountability Office says that figure is an estimate spread over the entire unemployment system and should be “interpreted with caution.”

Read More