{"id":27289,"date":"2026-02-17T19:24:19","date_gmt":"2026-02-17T19:24:19","guid":{"rendered":"https:\/\/finprosalerts.com\/?p=27289"},"modified":"2026-02-17T19:24:20","modified_gmt":"2026-02-17T19:24:20","slug":"federal-government-loses-around-1-trillion-annually-to-fraud-haywood-talcove","status":"publish","type":"post","link":"https:\/\/finprosalerts.com\/?p=27289","title":{"rendered":"Federal government loses around $1 trillion annually to fraud: Haywood Talcove"},"content":{"rendered":"
<\/p>\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n

The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week.\u00a0<\/p>\n

The eyewatering figure dwarfs the Government Accountability Office’s numbers.<\/p>\n

The GAO reports that the nation’s “federal government loses between $233 billion and $521 billion\u00a0annually to fraud, according to GAO\u2019s\u00a0government-wide estimates based on data from fiscal years 2018 through 2022.”<\/p>\n

WALZ PROPOSES $10M BUSINESS RELIEF PACKAGE AS REPUBLICANS CRY \u2018NEW AVENUE FOR FRAUD’ IN MINNESOTA<\/strong><\/p>\n

\n
<\/source><\/source><\/source><\/source><\/picture><\/div>\n<\/p><\/div>\n

During the Senate hearing, Talcove said he places “the number closer to $1 trillion dollars annually, or $115 million every single hour, of which 70% is related to transnational criminals.”<\/p>\n

Talcove told FOX Business that he is surprised “people don’t realize how easy it is to steal from government, and taxpayers aren’t more outraged.”<\/p>\n

He explained that he based his estimate on the GAO’s $521 billion figure.<\/p>\n

EXCLUSIVE: SENATE BILL TARGETS MINNESOTA-STYLE \u2018RUNAWAY FRAUD\u2019 TO FORCE SCAMMERS TO REPAY TAXPAYERS<\/strong><\/p>\n

\n
\"U.S.<\/source><\/source><\/source><\/source><\/picture><\/div>\n<\/p><\/div>\n

“What the GAO number didn’t include is seven other agencies, including Health and Human Services, which I think is where the greatest amount of fraud is,” Talcove noted.<\/p>\n

While he pointed out that the $1 trillion figure is only an estimate, he said he considers the figure to be “directionally correct.”<\/p>\n

TRUMP ADMIN UNCOVERS \u2018STAGGERING\u2019 $8.6 BILLION IN SUSPECTED CALIFORNIA SMALL BUSINESS FRAUD<\/strong><\/p>\n

\n
\"Burning<\/source><\/source><\/source><\/source><\/picture><\/div>\n<\/p><\/div>\n

<\/u><\/strong><\/p>\n

HHS Secretary Robert F. Kennedy Jr. “released the Medicaid data,” Talcove said. “That data has never been seen in public before. And by looking at that, I suspect that trillion dollars that I provided to Congress last week was actually a little bit light,” he noted.<\/p>\n

FOX Business’ Connor Hansen contributed to this report.<\/i><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week.\u00a0 The eyewatering figure dwarfs the Government Accountability Office’s numbers. The GAO reports that the nation’s “federal government loses between $233 billion<\/p>\n","protected":false},"author":1,"featured_media":27290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":{"0":"post-27289","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"\nFederal government loses around $1 trillion annually to fraud: Haywood Talcove - Fin Pros Alerts<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/finprosalerts.com\/?p=27289\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Federal government loses around $1 trillion annually to fraud: Haywood Talcove - Fin Pros Alerts\" \/>\n<meta property=\"og:description\" content=\"The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week.\u00a0 The eyewatering figure dwarfs the Government Accountability Office’s numbers. The GAO reports that the nation’s “federal government loses between $233 billion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/finprosalerts.com\/?p=27289\" \/>\n<meta property=\"og:site_name\" content=\"Fin Pros Alerts\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-17T19:24:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-17T19:24:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1\" \/><meta property=\"og:image\" content=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1075\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/finprosalerts.com\/?p=27289\",\"url\":\"https:\/\/finprosalerts.com\/?p=27289\",\"name\":\"Federal government loses around $1 trillion annually to fraud: Haywood Talcove - Fin Pros Alerts\",\"isPartOf\":{\"@id\":\"https:\/\/finprosalerts.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/finprosalerts.com\/?p=27289#primaryimage\"},\"image\":{\"@id\":\"https:\/\/finprosalerts.com\/?p=27289#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1&w=1280&resize=1280,720&ssl=1\",\"datePublished\":\"2026-02-17T19:24:19+00:00\",\"dateModified\":\"2026-02-17T19:24:20+00:00\",\"author\":{\"@id\":\"https:\/\/finprosalerts.com\/#\/schema\/person\/23d9846b70a9d45ad5915609e555e92d\"},\"breadcrumb\":{\"@id\":\"https:\/\/finprosalerts.com\/?p=27289#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/finprosalerts.com\/?p=27289\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/finprosalerts.com\/?p=27289#primaryimage\",\"url\":\"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1&w=1280&resize=1280,720&ssl=1\",\"contentUrl\":\"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1&w=1280&resize=1280,720&ssl=1\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/finprosalerts.com\/?p=27289#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/finprosalerts.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Federal government loses around $1 trillion annually to fraud: Haywood Talcove\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/finprosalerts.com\/#website\",\"url\":\"https:\/\/finprosalerts.com\/\",\"name\":\"Fin Pros Alerts\",\"description\":\"Latest Personal Finance News and Updates\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/finprosalerts.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/finprosalerts.com\/#\/schema\/person\/23d9846b70a9d45ad5915609e555e92d\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/finprosalerts.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2aa5c51460015b35031be57f90bef374c5a0e3e79984ddfe0d06ee5f701c90b1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2aa5c51460015b35031be57f90bef374c5a0e3e79984ddfe0d06ee5f701c90b1?s=96&d=mm&r=g\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/finprosalerts.com\"],\"url\":\"https:\/\/finprosalerts.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Federal government loses around $1 trillion annually to fraud: Haywood Talcove - Fin Pros Alerts","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/finprosalerts.com\/?p=27289","og_locale":"en_US","og_type":"article","og_title":"Federal government loses around $1 trillion annually to fraud: Haywood Talcove - Fin Pros Alerts","og_description":"The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week.\u00a0 The eyewatering figure dwarfs the Government Accountability Office’s numbers. The GAO reports that the nation’s “federal government loses between $233 billion","og_url":"https:\/\/finprosalerts.com\/?p=27289","og_site_name":"Fin Pros Alerts","article_published_time":"2026-02-17T19:24:19+00:00","article_modified_time":"2026-02-17T19:24:20+00:00","og_image":[{"url":"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1"},{"url":"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1","width":1920,"height":1075,"type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_image":"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1","twitter_misc":{"Written by":"Press Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/finprosalerts.com\/?p=27289","url":"https:\/\/finprosalerts.com\/?p=27289","name":"Federal government loses around $1 trillion annually to fraud: Haywood Talcove - Fin Pros Alerts","isPartOf":{"@id":"https:\/\/finprosalerts.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/finprosalerts.com\/?p=27289#primaryimage"},"image":{"@id":"https:\/\/finprosalerts.com\/?p=27289#primaryimage"},"thumbnailUrl":"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1&w=1280&resize=1280,720&ssl=1","datePublished":"2026-02-17T19:24:19+00:00","dateModified":"2026-02-17T19:24:20+00:00","author":{"@id":"https:\/\/finprosalerts.com\/#\/schema\/person\/23d9846b70a9d45ad5915609e555e92d"},"breadcrumb":{"@id":"https:\/\/finprosalerts.com\/?p=27289#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/finprosalerts.com\/?p=27289"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/finprosalerts.com\/?p=27289#primaryimage","url":"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1&w=1280&resize=1280,720&ssl=1","contentUrl":"https:\/\/i3.wp.com\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/02\/0\/0\/us-capitol-building.jpg?ve=1&tl=1&w=1280&resize=1280,720&ssl=1","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/finprosalerts.com\/?p=27289#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/finprosalerts.com\/"},{"@type":"ListItem","position":2,"name":"Federal government loses around $1 trillion annually to fraud: Haywood Talcove"}]},{"@type":"WebSite","@id":"https:\/\/finprosalerts.com\/#website","url":"https:\/\/finprosalerts.com\/","name":"Fin Pros Alerts","description":"Latest Personal Finance News and Updates","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/finprosalerts.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/finprosalerts.com\/#\/schema\/person\/23d9846b70a9d45ad5915609e555e92d","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/finprosalerts.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2aa5c51460015b35031be57f90bef374c5a0e3e79984ddfe0d06ee5f701c90b1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2aa5c51460015b35031be57f90bef374c5a0e3e79984ddfe0d06ee5f701c90b1?s=96&d=mm&r=g","caption":"Press Room"},"sameAs":["https:\/\/finprosalerts.com"],"url":"https:\/\/finprosalerts.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/finprosalerts.com\/index.php?rest_route=\/wp\/v2\/posts\/27289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finprosalerts.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finprosalerts.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finprosalerts.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finprosalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27289"}],"version-history":[{"count":1,"href":"https:\/\/finprosalerts.com\/index.php?rest_route=\/wp\/v2\/posts\/27289\/revisions"}],"predecessor-version":[{"id":27291,"href":"https:\/\/finprosalerts.com\/index.php?rest_route=\/wp\/v2\/posts\/27289\/revisions\/27291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finprosalerts.com\/index.php?rest_route=\/wp\/v2\/media\/27290"}],"wp:attachment":[{"href":"https:\/\/finprosalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finprosalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finprosalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}