A coalition overseeing more than $3 trillion in state funds says it uncovered and halted $28 billion in waste and abuse in 2025 and is offering full support to the Trump administration’s nationwide anti-fraud initiative.
By yourNEWS Media Newsroom
A coalition of conservative state financial officers says it has already identified and stopped tens of billions of dollars in taxpayer waste and is pledging to work alongside the Trump administration as Vice President JD Vance leads a nationwide effort to combat fraud, Fox News first reported.
In a letter sent Thursday to the White House, the State Financial Officers Foundation (SFOF) expressed support for President Donald Trump’s focus on rooting out what he has described as large-scale fraud that has “resulted in tens of billions of dollars being stolen from American taxpayers.” The organization wrote that such corruption “shreds the fabric of a nation.”
SFOF Chief Executive Officer OJ Oleka told Vance that the coalition’s 40 state treasurers, auditors and comptrollers across 28 states are prepared to assist in the administration’s anti-fraud campaign. Collectively, the group oversees more than $3 trillion in state-managed funds.
The correspondence accompanied SFOF’s first 2025 Oversight Report, which asserts that affiliated state financial officers safeguarded more than $28 billion in waste, fraud and abuse during 2025 alone.
Sfof 2025 Oversight Report-full-final by yourNEWS Media
Among the examples cited in the report, Florida Chief Financial Officer Blaise Ingoglia identified just under $2 billion in excessive spending. In Kentucky, Auditor Allison Ball reported more than $836 million in improper Medicaid payments.
Medicaid oversight has emerged as a central concern for the administration following scrutiny of fraud allegations in Minnesota. Vance said Wednesday that the administration has “decided to temporarily halt certain amounts of Medicaid funding that are going to the state of Minnesota in order to ensure that the state of Minnesota takes its obligations seriously to be good stewards of the American people’s tax money.”
The SFOF report also details findings in North Carolina, where State Auditor Dave Boliek identified more than $1 billion in lapsed salaries connected to long-term vacancies. In Utah, Auditor Tina Cannon reported uncovering more than $518 million in fraud, waste and abuse across state agencies and nonprofit organizations receiving public funds.
Oleka wrote to Vance that the coalition’s members are “allies already on the battlefield” and prepared to expand cooperation with federal authorities.
“The American people deserve nothing less,” he wrote.
According to SFOF, independently elected state financial officers often operate separately from governors and legislatures, positioning them to conduct oversight without direct political control from executive agencies. The group argues that a coordinated federal-state partnership could significantly broaden fraud detection efforts and strengthen safeguards over public funds nationwide.
“By working together, we can protect our nation’s treasure to the fullest extent against every foe and every plot to endanger it,” Oleka wrote.
The coalition maintains that its 2025 findings demonstrate the scale of potential savings achievable through enhanced oversight, particularly if federal and state officials synchronize investigative and enforcement efforts as part of the administration’s broader anti-fraud initiative.
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