Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

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

by 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

Trump declines to commit to two-state solution after...

October 14, 2025

House Republicans split with Trump team over ‘very...

September 5, 2025

What America’s most powerful warship brings to the...

February 20, 2026

Trump and GOP eye midterm convention cities in...

January 30, 2026

White House explains bruise on Trump’s hand seen...

February 26, 2025

NEWT GINGRICH: The simplest way to make American...

November 17, 2025

Trump threatens to bomb Iran unless they end...

March 30, 2025

Parents tell SCOTUS: LGBTQ storybooks in classrooms clash...

April 22, 2025

Republican drops primary challenge against incumbent Sen Cassidy...

January 23, 2026

‘Genocide can’t be ignored’: GOP lawmaker backs Trump’s...

November 9, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

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

      April 7, 2026
    • Graham eyes ‘down payment’ on Trump-backed SAVE Act without Democratic support

      April 7, 2026
    • Midterm alarm bells: Democrats face steep favorability deficit despite election gains

      April 7, 2026
    • Democrat whose parents fled Iran moves to oust Hegseth

      April 7, 2026
    • American journalist kidnapped in Iraq is set free, must leave country ‘immediately,’ her employer says

      April 7, 2026
    • What falling wage growth says about where the U.S. economy is heading

      April 7, 2026

    Categories

    • Business (891)
    • Investing (661)
    • Politics (8,051)
    • World News (3,213)

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 whalelargecapital.com | All Rights Reserved