The State of Fraud in America

70+ data-driven investigations analyzing $1.07 trillion in documented annual fraud across the United States. 402 datasets from 33+ federal data sources including SEC EDGAR, CMS, SBA FOIA, FDIC, USAspending.gov, FEC, IRS 990, FBI IC3, DOJ, EPA ECHO, OSHA/BLS, DOL WHD, FTC, College Scorecard, HUD OIG, ProPublica, CFPB, FinCEN, and PRAC.

Key findings

• Tax Gap: $696B in unpaid taxes annually, the largest single fraud category. IRS audit rates collapsed 68% since 2010.
• PPP Loan Fraud: 968,522 loans analyzed with Isolation Forest ML. 19,371 flagged totaling $32.4B in anomalous patterns.
• Healthcare: 1.26 million Medicare providers analyzed. 73,245 flagged for upcoding. $161B/yr in Medicaid improper payments.
• Insurance Fraud: $308B/yr across auto, property, and workers compensation.
• COVID Program Fraud: $233B+ lost, only 0.6% recovered as of 2025.
• Identity Theft: 1.1M+ FTC reports in 2024, $11B in losses.
• Wage Theft: $50B/yr in DOL WHD enforcement data.
• 9 in 10 proven fraud cases were detected retroactively. The data to catch them existed beforehand.

Every analysis uses published academic methods: Beneish M-Score, Altman Z-Score, Benford's Law, Isolation Forest, and standard deviation cutoffs. Every flagged entity has a government-issued identifier you can verify. Last updated March 2026.