Report exposes billions in uncovered fraud, waste as watchdog coalition offers support to Trump's crackdown
FIRST ON FOX: 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...
By Fox News · Fox News
FIRST ON FOX: 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. JD VANCE SPEARHEADS 'WAR ON FRAUD,' PROMISES TO ROOT OUT TAXPAYER MONEY 'STOLEN' BY ILLEGAL IMMIGRANTS 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." HEAVILY REDACTED AUDIT FINDS MINNESOTA MEDICAID HAD WIDESPREAD VULNERABILITIES The repor…