The Dichotomy of Modern Government Fraud Schemes and Government Oversight’s Contrasting Approach

The Dichotomy of Modern Government Fraud Schemes and Government Oversight’s Contrasting Approach

There appeared to be an overwhelmingly substantial number of “high loss” fraud schemes being perpetrated in 2022 (as reported by the Federal Trade Commission). This was shocking as it appeared to show more high loss cases than low loss cases. This would signal a marked departure from decades of historical statistics. Statistics we, in program oversight, rely upon to strategize our anti-fraud endeavors.

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