WASHINGTON– Today, Congressman Raja Krishnamoorthi (D-IL), alongside Congressman Glenn Grothman (R-WI), introduced the bipartisan Federal Fraud Prevention Workforce Training Act, legislation to establish a government-wide training program to better equip federal employees to identify fraud risks, implement proven anti-fraud practices, and safeguard taxpayer-funded programs.
The bill directs the U.S. Department of the Treasury, in coordination with the Office of Management and Budget (OMB) and the Office of Personnel Management (OPM), to develop standardized training across agencies and make these resources available to state and local governments that administer federal funds.
“Every dollar lost to fraud is a dollar taken away from the American people,” said Congressman Krishnamoorthi. “Our bipartisan legislation will give federal, state, and local officials the tools they need to…
This category refers to crimes committed by employees or insiders against their own organizations. It is often the most damaging because the perpetrator has authorized access to systems.
- Asset Misappropriation: The most common form, involving the theft of company resources. This ranges from simple “skimming” (taking cash before it’s recorded) to complex schemes involving the theft of inventory or intellectual property.
- Payroll Fraud: Employees may create “ghost employees” on the system, falsify their own timesheets to claim unworked overtime, or divert salary payments to their own accounts.
- Financial Statement Fraud: Management deliberately misrepresents the company’s financial health by inflating revenue or hiding liabilities to attract investors or meet performance bonuses.