Treasury Stops $99 Million in Federal Payments to 4,900 Deceased People on Fraud Verification Expansion
The Treasury Department blocked $99 million in federal payments to more than 4,900 deceased recipients, the agency said Monday. The savings were secured after the Treasury linked its payment systems to the federal “Do Not Pay” database to cross-reference new disbursements against death records.
Treasury Secretary Scott Bessent said the department targets stopping an additional $350 million in improper payments by year-end. The initiative was coordinated with the vice president’s fraud task force and follows a presidential directive to modernize the federal payment system. The Government Accountability Office previously estimated that improper federal payments could total $500 billion, roughly 1.66 percent of gross domestic product.
From the sources (6 posts)
@presssecTreasury hails success of anti-fraud process that flagged and prevented $99 million in payments to dead people
@ericldaugh🚨 BREAKING: Treasury Sec. Scott Bessent has just found $100 MILLION IN FRAUDULENT PAYMENTS that would've otherwise gone to deceased people Bessent says there might be $500 BILLION in total fraud 🤯🤯 If the Biden admin were still in power,
@electionwiz🚨BREAKING — The Treasury Department announces it has blocked nearly $100 million in federal payments to more than 4,900 dead people since expanding its verification system.
@seanspicerTreasury stopped nearly $100M in taxpayer money from going to dead people after new gov’t measure implemented
@secscottbessentTreasury has delivered on a key promise of @POTUS' mandate to stop improper payments and fraud before money leaves the Treasury and strengthen the integrity of the federal payment system. Together with the @VP’s Task Force to Eliminate Frau
@nypostTreasury stopped nearly $100 million in taxpayer money from going to dead people