The Announcement Constitutes the Largest Suspected Fraud Bust in GSA History by Both Number of Contractors Involved and Total Dollar Amount
WASHINGTON, D.C. — Today, the U.S. General Services Administration is announcing that it has uncovered more than $13 billion in suspected fraud by federal contractors since March 2026 as part of its collaboration with the White House Task Force to Eliminate Fraud.
By utilizing governmentwide contracting data, public reporting, and inspector general enforcement information, GSA is significantly expanding its waste, fraud, and abuse identification and action capabilities.
“Let this serve as a warning to any bad actors thinking of stealing from the federal government: we will catch you, we will work with law enforcement to ensure your arrest, and we will do…
This remains the most prevalent form of financial crime globally. It targets the direct access points to your money: your cards and your bank accounts.
- Skimming: Criminals use small devices called “skimmers” placed over ATM or point-of-sale card slots to capture the data from your card’s magnetic strip.
- Card-Not-Present (CNP) Fraud: This occurs during online shopping where a physical card isn’t required. Thieves use stolen card numbers, expiry dates, and CVV codes to make unauthorized purchases.
- Account Takeover (ATO): A hacker gains access to your online banking credentials (often through malware or phishing) and changes the contact details or passwords, locking you out while they drain your funds.