GAO Says Federal Fraud Losses May Reach $521 Billion a Year as...

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2026-07-27 09:00:03

GAO Says Federal Fraud Losses May Reach $521 Billion a Year as Prevention Gaps Persist

A federal watchdog found that 15 of the 20 largest federally funded, state-administered programs lacked documented evidence of comprehensive fraud risk assessments, while 22 recommendations aimed at strengthening

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