A group of conservative state treasurers claims to have identified and halted billions in taxpayer waste, and they are now pledging to collaborate with Vice President J.D. Vance to combat fraud across the country.
During the recent State of the Union address, President Donald Trump assigned the vice president to spearhead the federal government’s efforts against fraud.
The State Treasurer’s Foundation (SFOF) quickly joined this conversation.
In a letter sent to the White House on Thursday, SFOF commended Trump for addressing fraud scandals that have resulted in the theft of “tens of billions of dollars from American taxpayers,” stating that such corruption significantly damages the nation.
SFOF CEO OJ Oreka informed Vance that their coalition includes 40 conservative state treasurers and comptrollers from 28 states, ready to support the government’s anti-fraud initiatives. They manage more than $3 trillion in state funds collectively.
Attached to the letter was SFOF’s latest “monitoring report.” According to reports, financial officials have claimed to have “protected” over $28 billion from waste, fraud, and abuse during 2025.
Noteworthy examples include Florida’s CFO Blaise Ingoglia uncovering almost $2 billion in local government overspending, and Kentucky’s Auditor Alison Ball pointing out $1 billion in waste, which includes over $836 million in improper Medicaid payments.
The Trump administration is focusing on Medicaid and other federal social funds, suggesting that alleged fraud could reach $19 billion, following a scandal that emerged in Minnesota this year.
Vice President Vance announced on Wednesday that some funding would be withheld from the state to ensure that necessary reforms are implemented.
“We’ve decided to temporarily suspend certain Medicaid funding to Minnesota to compel the state to manage American tax dollars responsibly,” Vance commented at a press conference attended by Mehmet Oz, the director of the Centers for Medicare and Medicaid Services.
“Many individuals are profiting from the kindness of American taxpayers,” Vance noted. “More importantly, there are children in Minnesota who require these services, but the funds are going to scammers in Minneapolis instead.”
The SFOF 2025 report highlighted savings from misuse, fraud, and questionable expenditures in Utah, Pennsylvania, Oklahoma, Missouri, Nebraska, and North Carolina.
As Oreka pointed out in the letter, their network of 40 state officials oversees over $3 trillion in state funds, upholding their duty to act in taxpayers’ best interests.
The organization argues that auditors at the state level are usually elected independently and are not influenced by the governor or legislature, which allows them to reveal mismanagement and enforce fiscal responsibility.
In a letter addressed to Vance, Oreka expressed hope: “Together, we can safeguard our nation’s resources from all threats and schemes that compromise our country.”
