Report reveals $28 billion in taxpayer waste found in 28 states

Vice President J.D. Vance Leads Anti-Fraud Initiative

The Trump administration has appointed Vice President J.D. Vance to spearhead a national effort against fraud. A coalition of conservative financial leaders claims to have already identified and prevented billions of dollars in taxpayer waste, emphasizing their commitment to collaborating with the White House to eradicate corruption nationwide.

In a letter sent to the White House, the National Treasurer’s Foundation (SFOF) commended President Trump for addressing fraud scandals that have reportedly siphoned “tens of billions of dollars from American taxpayers,” arguing that such corruption severely undermines the nation’s integrity.

SFOF CEO OJ Oreka expressed to Vance that the group, consisting of 40 conservative state treasurers and comptrollers from 28 states, is prepared to assist in the government’s anti-fraud mission. They collectively manage over $3 trillion in state funds.

This letter accompanies SFOF’s first 2025 Oversight Report, which claims that over $28 billion in waste, fraud, and abuse was detected in just 2025.

The report details some alarming instances of mismanagement. For example, in Florida, Chief Financial Officer Blaise Ingoglia reportedly overspent nearly $2 billion, while in Kentucky, Comptroller Alison Ball discovered over $836 million in erroneous Medicaid payments.

Medicaid fraud is a particular area of concern for the Trump administration, especially given recent scandals in Minnesota. On Wednesday, it was announced that the administration intends to “temporarily suspend certain amounts” of Medicaid funding to Minnesota, highlighting the state’s need for better stewardship of taxpayer dollars.

The report also discusses North Carolina, where State Comptroller Dave Bolique discovered more than $1 billion in lost wages due to long-standing vacancies. Additionally, Utah State Auditor Tina Cannon identified over $518 million in fraud, waste, and abuse related to agencies and nonprofit organizations receiving state and federal funds.

In his letter, Oreka assured Vance that SFOF members are already on the frontlines and are eager to support the administration in safeguarding taxpayer money. “The American people deserve nothing better,” he asserted.

SFOF posits that state-level financial watchdogs, being independently elected and separate from state governors and legislatures, are well-placed to expose mismanagement and enforce fiscal responsibility.

The group believes that with billions already pinpointed at the state level, a unified federal and state approach could significantly enhance the detection of fraud across the nation and offer better protection for taxpayers.