Latest "fraud" stories

Troops’ best defense against fraud is in jeopardy, advocates warn

“The thought of CFPB going away is frightening,” one advocate told senators.

By Karen Jowers

5 weeks ago

Execs at Austal, which builds LCSs for US Navy, indicted for fraud

Austal USA’s president, one of the three indicted executives, resigned in 2021 following an investigation into practices dating back more than four years.

8 months ago

Advanced analytics key to fighting unemployment insurance fraud

The Labor Dept. inspector general estimates that fraudsters may have stolen $45.6 billion from the unemployment insurance program during the pandemic.

By Carl Hammersburg

11 months ago

Three charged for sending military data to China, contracting fraud

Information related to end-use items for aviation, submarine, radar, tank, mortars, missiles and infrared and thermal imaging targeting systems.

By Jonathan Lehrfeld

13 months ago

Using the 5Cs of fraud prevention in government programs

By detecting anomalies in data using advanced technologies such as artificial intelligence and machine learning, agencies are able to identify nefarious activity and stop it before more costly and malicious activity occurs. Actionable information extracted from data can also enable agencies to detect and prevent fraud before it happens.

By Erik Ekwurzel, Chief Technology Officer

18 months ago

State Department mismanaged fuel purchases for years, watchdog says

Dozens of overseas missions across multiple geographic regions incurred approximately $77 million in questionable fuel costs due to insufficient documentation and document reviews, improper acceptance procedures and fuel equipment deficiencies, according to the State Department Office of Inspector General.

18 months ago