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$162 Billion in Federal Fraud Last Year: Even Barbie and Ken Got Money!
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$162 Billion in Federal Fraud Last Year: Even Barbie and Ken Got Money!
Iowa Senator Joni Ernst chaired a hearing last week revealing that federal agencies shoveled out $162 billion in improper payments last year. That’s billions with a B. Federal programs that loan out money to “socially and economically disadvantaged businesses” were a rich target for fraudsters, a particular magnet for fraudsters. The Feds even lent out money to scam artists who used pictures of dolls for IDs. As Ernst puts it: “Imagine giving Ba…
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