On the recordMay 10, 2025
I believe the government is losing between $550 billion and about $750 billion a year.
Source
cbsnews.comI believe the government is losing between $550 billion and about $750 billion a year.
Miller estimates the annual loss to fraud is significantly higher than reported.
Share
More from Linda Miller
Elon Musk is saying we’ve got shocking amounts of fraud, and you’re right, we do. No one’s really cared until now.
The fraud actors are getting more sophisticated every single day. We are not.
I think these conversations that need to happen, because these problems are not easy. They are going to require compromise.
There is very likely enormous fraud in those programs, and there is very little fraud prevention tools being used today.