Part 1/8:

The Hidden Financial Frauds in Government: A Discussion

The conversation around government financial mismanagement and fraud has gained renewed focus recently, with significant insights and statistics coming to light. Despite numerous initiatives to improve transparency and accountability, the persistent issues of waste and fraud remain prevalent.

The Scale of Government Fraud

New reports indicate alarming statistics regarding improper payments made by federal agencies. For example, the Social Security Administration disclosed that it made almost $72 billion in improper payments from 2015 to 2022, predominantly due to overpayments. By the end of 2023, it was estimated that $23 billion still lingered as outstanding overpayments.