The Trump administration is estimating that it has identified $230 billion in fraud and stopped $56 billion in fraudulent payments since Vice President JD Vance and Federal Trade Commission Chairman Andrew Ferguson started co-chairing their anti-fraud task force.
“Andrew and I had a meeting in my office last week, and he said, ‘Do you want to estimate it conservatively or do you want to estimate it aggressively?'” Vance told reporters in the Eisenhower Executive Office Building on Wednesday. “I said, ‘Well, I kind of want to estimate it aggressively, but then all you people will criticize us, so let’s estimate it conservatively, so that we can give the American people the most rock-solid explanation of how this task force is working to protect their money.'”
