Vice President JD Vance Reports Anti-Fraud Recoveries at White House Event
Vice President JD Vance stated that an anti-fraud task force has referred more than $22 billion in fraudulent small business loans for collection. He also cited additional recoveries and blocks across Medicaid, COVID relief, government contracts, and student aid.
New York PostVice President JD Vance said Tuesday that an anti-fraud task force has referred more than $22 billion in fraudulent small business loans back to the Treasury for collection. 3 billion in fraudulent Medicaid reimbursements, with particular attention to claims originating from California.
Vance stated that another $135 billion was recovered from funds taken in the period immediately after COVID relief programs expanded. 3 billion recovered from suspected fraudulent government contracts. The vice president said the task force blocked $60 million in student aid fraud. He noted that the blocked funds were intended for students but were instead directed to fraudsters.
Key Facts
Potential Impact
- 01
Treasury may pursue collection actions on the referred loans.
- 02
States may face reviews of past Medicaid reimbursement claims.
Transparency Panel
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