Stocks Flux
  • Business
  • Politics
  • Latest news
  • World News
  • Business
  • Politics
  • Latest news
  • World News

Stocks Flux

Politics

Report exposes billions in uncovered fraud, waste as watchdog coalition offers support to Trump’s crackdown

by admin February 27, 2026
February 27, 2026
Report exposes billions in uncovered fraud, waste as watchdog coalition offers support to Trump’s crackdown

As the Trump administration appoints Vice President JD Vance to lead a nationwide ‘War on Fraud,’ a coalition of conservative state financial officers says it has already uncovered and stopped billions in taxpayer waste and is pledging to partner with the White House to root out corruption nationwide.

In a Thursday letter to the White House, the State Financial Officers Foundation (SFOF) praised President Donald Trump’s focus on what he called fraud scandals that have ‘resulted in tens of billions of dollars being stolen from American taxpayers,’ writing that such corruption ‘shreds the fabric of a nation’ 

SFOF CEO OJ Oleka told Vance that the group’s 40 conservative state treasurers, auditors and comptrollers across 28 states stand ready to support the administration’s anti-fraud mission, noting they collectively oversee more than $3 trillion in state funds.

The letter accompanied SFOF’s inaugural 2025 Oversight Report, which claims that affiliated state financial officers safeguarded more than $28 billion of waste, fraud, and abuse in 2025 alone.

The report highlights some of the most egregious examples within that $28 billion including in Florida, where Chief Financial Officer Blaise Ingoglia just under $2 billion in excessive spending and in Kentucky, where Auditor Allison Ball found more than $836 million in improper Medicaid payments.

Medicaid fraud has been of particular interest to the Trump administration given the massive fraud scandal that has unfolded in Minnesota and Vance said on Wednesday the administration has ‘decided to temporarily halt certain amounts of Medicaid funding that are going to the state of Minnesota in order to ensure that the state of Minnesota takes its obligations seriously to be good stewards of the American people’s tax money.’

The report also highlights North Carolina, where it says State Auditor Dave Boliek discovered more than $1 billion in lapsed salaries from long term vacancies in the state. Additionally, Utah auditor Tina Cannon identified more than $518 million in fraud, waste and abuse across agencies and nonprofits receiving state and federal funds.

In his letter, Oleka told Vance that SFOF’s members are ‘allies already on the battlefield’ and stand ready to assist the administration in protecting taxpayer dollars.

‘The American people deserve nothing less,’ he wrote.

SFOF argues that state-level financial watchdogs, often elected independently of governors and legislatures, are uniquely positioned to expose mismanagement and enforce fiscal discipline.

With billions already identified at the state level, the group says a coordinated federal-state approach could dramatically expand the scope of fraud detection nationwide, potentially reshaping how taxpayer dollars are safeguarded across the country.

‘By working together, we can protect our nation’s treasure to the fullest extent against every foe and every plot to endanger it,’ Oleka wrote.

Related Article

JD Vance spearheads ‘war on fraud,’ promises to root out taxpayer money ‘stolen’ by illegal immigrants
This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
DOJ sues 5 more states, demanding access to voter rolls: ‘We will not be deterred’
next post
Bill Clinton faces high-stakes House grilling in Epstein probe after Hillary blasts ‘fishing expedition’

You may also like

Former Rep. MTG dumps cold water on Trump’s...

January 21, 2026

Trump to address nation about Iran as he...

April 2, 2026

Expert turns tables on Dem critics after Musk...

March 23, 2025

Trump, lawmakers react after ‘big, beautiful bill’ clears...

June 29, 2025

Schumer, Democrats face heat for shifting stance on...

September 27, 2025

Romania blocks frontrunner from postponed presidential race

March 10, 2025

Pro-Ukraine GOP Rep. Bacon declares ‘real Republicans know...

March 7, 2025

Red Cross fighting to reach hostages, alleviate ‘catastrophic’...

May 22, 2025

Mike Johnson hits iconic Nashville bar, blasts Dems...

August 27, 2025

Iran’s collapse or survival hinges on one choice...

January 12, 2026

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (529)
    • Latest news (10)
    • Politics (3,616)
    • World News (1,369)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Politics

    • Trump’s apocalyptic Iran warning raises stakes for sweeping US strike threat

      April 8, 2026
    • Graham eyes ‘down payment’ on Trump-backed SAVE Act without Democratic support

      April 8, 2026
    • Midterm alarm bells: Democrats face steep favorability deficit despite election gains

      April 8, 2026
    February 2026
    M T W T F S S
     1
    2345678
    9101112131415
    16171819202122
    232425262728  
    « Jan   Mar »

    Copyright © 2025 stocksflux.com | All Rights Reserved