If Fraud Was an Agency, It Would Be Federal Government’s Sixth Largest
by The Foreign Desk
The Foreign Desk— By: Brett Rowland | The Center Square U.S. taxpayers lose up to $521 billion a year to fraud across the federal government, according to a first-of-its-kind estimate. The U.S. Government Accountability Office estimated annual fraud costs taxpayers between $233 billion and $521 billion annually, according to a new report published Tuesday. The fraud estimate's range
tennesseestar.com—Fraud Costs the Federal Government up to $521 Billion a Year. The federal government loses up to $521 billion a year to fraud, according to a first-of-its-kind estimate from a Congressional watchdog. The U.S. Government Accountability Office, which serves as the research arm of Congress, estimated annual fraud losses cost taxpayers between $233 billion and $521 billion annually, according to a new report published Tuesday. The fraud estimate's range represents 3% to 7% of average federal obligations.
AP News—Starbucks vs federal labor agency: U.S. Supreme Court is set to hear oral arguments. Justices are scheduled to hear Starbucks’ case against the National Labor Relations Board, the federal agency that protects the right of employees to organize.
Entrepreneur—Invested in the U.S. Stock Market? A New Lawsuit Alleges a Government Agency May Have Illegally Collected and Stored Your Data. A new lawsuit filed in Texas claims that the U.S. "Consolidated Audit Trail" program (CAT) is helping the SEC collect and store data on U.S. stock market investors. Read about the lawsuit, here.