JD Vance Breaks Down $164.6 Billion in Fraud
Vice President JD Vance announced the uncovering of $164.6 billion in fraud during a recent press conference. The Trump-Vance administration's task force has identified significant fraudulent activities, including $22 billion in fraudulent small business loans and $60 million in student fraud. Vance criticized both Democrats and Republicans for their roles in allowing this fraud to proliferate.
- ▪The Trump-Vance administration's task force has exposed billions of dollars in fraud over the last two months.
- ▪Vance reported that $22 billion in fraudulent small business loans were referred back to the Treasury for collection.
- ▪The administration has blocked $60 million in student fraud that was intended for legitimate educational purposes.
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JD Vance Breaks Down $164.6 Billion in Fraud Catherine Salgado | 12:23 PM on May 27, 2026 AP Photo/Jacquelyn Martin, Pool “In just two months, we exposed billions of dollars in benefits that had been stolen from the American people,” Vice President JD Vance announced at a press conference on Tuesday. Advertisement googletag.cmd.push(function () { googletag.display("div-gpt-300x250_3"); //googletag.pubads().refresh([gptAdSlot["div-gpt-300x250_3"]]) }); For too long, Democrats have encouraged, and Republicans have overlooked, mass fraud. The Trump-Vance administration’s new task force has been extremely busy uncovering mind-boggling amounts of fraud, which helps explain why our national debt is over $39 trillion.
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