1 / 5
$1.25T+
Where Does $1 Trillion in Annual Fraud Go?
We analyzed 60+ federal datasets to find out.
estimated annual fraud
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2 / 5
$696B
Tax Gap
The single largest source of lost revenue in the United States.
per year in unpaid federal taxes
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3 / 5
$308B + $100B
Insurance + Healthcare Fraud
Property, casualty, and health insurance fraud combined with Medicare and Medicaid abuse.
insurance fraud + healthcare fraud
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4 / 5
$80B + $50B + $12.5B
PPP, Wage Theft & Cybercrime
COVID relief fraud, stolen wages from workers, and the rising cost of cybercrime.
PPP fraud / wage theft / cybercrime losses
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5 / 5
Explore the Full Investigation
60+ data files. 1.26M healthcare providers analyzed. 16 policy recommendations.
Read the report