Episode
GAO finds massive amount of Government fraud!
- Podcast
- The Banker Next Door
- Published
- Apr 22, 2026
- Duration seconds
- 1064
- Processing state
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Summary
The Government Accountability Office (GAO) released a bomb shell report on April 15, 2026 disclosing a massive amount of fraud in the U.S. government. After analyzing data from fiscal years 2018 through 2022, the GAO estimates that the federal government lost between $233 billion and $521 billion ANNUALLY to fraud! The fraud was perpetrated in three main ways. 1) Misuse of Pandemic Relief funds, 2) Stolen Benefits, and 3) Improper Payments. The U.S. government has a massive fraud problem that needs to be addressed immediately! This episode reviewed an article from The Epoch Times (subscription required) titled “521 Billion Fraud Landscape: What to Know” and the report from GAO. The GAO report is titled “Combating Fraud: Challenges in managing fraud risks in federally funded, state-administered programs.” A link to the GAO report is included below. Link: GAO-26-109093, COMBATING FRAUD: Challenges in Managing Fraud Risks in Federally Funded, State Administered Programs