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Federal fraud is double previous estimates, LexisNexis Risk Solutions CEO says
Federal fraud is double previous estimates, LexisNexis Risk Solutions CEO says
By Fuelman
17 Feb 2026 3:11 pm in No Holds Barred Political Forum
17 Feb 2026 3:11 pm
This news just keeps getting worse!
The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week. The eyewatering figure dwarfs the Government Accountability Office's numbers. The GAO reports that the nation's "federal government loses between $233 billion and $521 billion annually to fraud, according to GAO’s government-wide estimates based on data from fiscal years 2018 through 2022."
During the Senate hearing, Talcove said he places "the number closer to $1 trillion dollars annually, or $115 million every single hour, of which 70% is related to transnational criminals." Talcove told FOX Business that he is surprised "people don't realize how easy it is to steal from government, and taxpayers aren't more outraged."
HHS Secretary Robert F. Kennedy Jr. "released the Medicaid data," Talcove said. "That data has never been seen in public before. And by looking at that, I suspect that trillion dollars that I provided to Congress last week was actually a little bit light," he noted.
This was from Fox Business.
The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week. The eyewatering figure dwarfs the Government Accountability Office's numbers. The GAO reports that the nation's "federal government loses between $233 billion and $521 billion annually to fraud, according to GAO’s government-wide estimates based on data from fiscal years 2018 through 2022."
During the Senate hearing, Talcove said he places "the number closer to $1 trillion dollars annually, or $115 million every single hour, of which 70% is related to transnational criminals." Talcove told FOX Business that he is surprised "people don't realize how easy it is to steal from government, and taxpayers aren't more outraged."
HHS Secretary Robert F. Kennedy Jr. "released the Medicaid data," Talcove said. "That data has never been seen in public before. And by looking at that, I suspect that trillion dollars that I provided to Congress last week was actually a little bit light," he noted.
This was from Fox Business.
17 Feb 2026 4:31 pm
And DHIMNS want to DO NOTHING since it's part of how their REELECTION COFFERES get filled!!
@Blackvegetable
@Blackvegetable
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
17 Feb 2026 4:56 pm
Where do you believe the bulk of any such fraud occurs?Fuelman » 17 Feb 2026, 4:11 pm » wrote: ↑ This news just keeps getting worse!
The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week. The eyewatering figure dwarfs the Government Accountability Office's numbers. The GAO reports that the nation's "federal government loses between $233 billion and $521 billion annually to fraud, according to GAO’s government-wide estimates based on data from fiscal years 2018 through 2022."
During the Senate hearing, Talcove said he places "the number closer to $1 trillion dollars annually, or $115 million every single hour, of which 70% is related to transnational criminals." Talcove told FOX Business that he is surprised "people don't realize how easy it is to steal from government, and taxpayers aren't more outraged."
HHS Secretary Robert F. Kennedy Jr. "released the Medicaid data," Talcove said. "That data has never been seen in public before. And by looking at that, I suspect that trillion dollars that I provided to Congress last week was actually a little bit light," he noted.
This was from Fox Business.
17 Feb 2026 4:59 pm
So let's take a look at growth rates of federal spending...Beekeeper » 17 Feb 2026, 5:31 pm » wrote: ↑ And DHIMNS want to DO NOTHING since it's part of how their REELECTION COFFERES get filled!!
@Blackvegetable
Have you ever voted for a POTUS who reduced the deficit he inherited?
17 Feb 2026 5:08 pm
Did you ever vote for an adult without a concussion?Blackvegetable » 17 Feb 2026, 5:59 pm » wrote: ↑ So let's take a look at growth rates of federal spending...
Have you ever voted for a POTUS who reduced the deficit he inherited?
17 Feb 2026 5:13 pm
@RebelGator
17 Feb 2026 5:21 pm
Correction: You never had it.
17 Feb 2026 8:14 pm
Blackvegetable » 17 Feb 2026, 5:59 pm » wrote: ↑ So let's take a look at growth rates of federal spending...
Have you ever voted for a POTUS who reduced the deficit he inherited?
Here we go again!!
Post your CREDENTIALS and I'll see if they are WORTHY of getting your question answered!!
OR you could go this route and answer this one....
Was math invented or discovered??
They I;ll consider if that answer is worthy of a return answer to your question!!
Just so you know, YOUR RULES, YOUR GAME!! I can play it better than you ever could, DICKSUCK!!
Nod.
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
18 Feb 2026 5:16 am
B.A.Beekeeper » 17 Feb 2026, 9:14 pm » wrote: ↑ Here we go again!!
Post your CREDENTIALS and I'll see if they are WORTHY of getting your question answered!!
MBA
4 FINRA registrations
CAIA
Your turn
18 Feb 2026 5:28 am
Fondler?
18 Feb 2026 5:35 am
Not good enough. You left out the SCHOOLS where your education came from, so you still aren't worthy of any answers.
Once again, YOUR RULES, YOUR GAME!! I play it better than you EVER could!!
Was math invented or discovered??
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
18 Feb 2026 5:52 am
We'll determine that when we see yours.
18 Feb 2026 7:42 am
You didn't post enough to be worthy of anything I have to destroy you with.
But here's a TASTE...
BS in Biology and minor in Chemistry (FAR tougher to get than any BA from any college)
And then there are 4 other DEGREES, that we'll leave you guessing UNTIL we see your SCHOOLS!!
YOUR RULES, YOUR GAME!! I just play it so much better than you EVER can play it!!
Was math invented or discovered?? THAT answer ends the **** you are trying to toss!! Makes you stupid and smelling like **** by you avoiding it.
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
18 Feb 2026 8:17 am
It's not about me anymore.
It's about you running, again.
18 Feb 2026 8:31 am
Where do you believe the bulk of this fraud, if accurate, occurs?Fuelman » 17 Feb 2026, 4:11 pm » wrote: ↑ This news just keeps getting worse!
The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week. The eyewatering figure dwarfs the Government Accountability Office's numbers. The GAO reports that the nation's "federal government loses between $233 billion and $521 billion annually to fraud, according to GAO’s government-wide estimates based on data from fiscal years 2018 through 2022."
During the Senate hearing, Talcove said he places "the number closer to $1 trillion dollars annually, or $115 million every single hour, of which 70% is related to transnational criminals." Talcove told FOX Business that he is surprised "people don't realize how easy it is to steal from government, and taxpayers aren't more outraged."
HHS Secretary Robert F. Kennedy Jr. "released the Medicaid data," Talcove said. "That data has never been seen in public before. And by looking at that, I suspect that trillion dollars that I provided to Congress last week was actually a little bit light," he noted.
This was from Fox Business.
18 Feb 2026 8:35 am
Blackvegetable » 18 Feb 2026, 9:31 am » wrote: ↑ Where do you believe the bulk of this fraud, if accurate, occurs?
**** DEMOCRATS ARE GUILTY... HANG EM ALL
18 Feb 2026 8:53 am
It's hard to say for sure, it appears to happen in just about every section of the government. I only know what I read. Healthcare (Medicare/Medicaid), unemployment insurance, tax fraud and of course pandemic relief. I'm sure there are other areas where a common criminal can outwit the most powerful government in the world.Blackvegetable » 17 Feb 2026, 5:56 pm » wrote: ↑ Where do you believe the bulk of any such fraud occurs?
Kennedy probably opened up a can of worms by opening up the Medicaid data but it needed to be done.
In the end, Elon's number may come to pass and be exceeded.
Not a fan of LexisNexis, that CEO needs to clean up his own house. Out of the blue I ended up with 4 drivers license suspensions on my record. What a pain in the ***. The wife is digging through her 126 page report looking for errors, still waiting on mine.
18 Feb 2026 9:04 am
Why do you believe he is credible?Fuelman » 18 Feb 2026, 9:53 am » wrote: ↑ It's hard to say for sure, it appears to happen in just about every section of the government. I only know what I read. Healthcare (Medicare/Medicaid), unemployment insurance, tax fraud and of course pandemic relief. I'm sure there are other areas where a common criminal can outwit the most powerful government in the world.
Kennedy probably opened up a can of worms by opening up the Medicaid data but it needed to be done.
In the end, Elon's number may come to pass and be exceeded.
Not a fan of LexisNexis, that CEO needs to clean up his own house. Out of the blue I ended up with 4 drivers license suspensions on my record. What a pain in the ***. The wife is digging through her 126 page report looking for errors, still waiting on mine.
The majority of fraud occurrs in procurement.
Then there's
Oliver Burckhardt came prepared for the dinner that President Trump hosted for a small group of major donors at his private Mar-a-Lago resort in South Florida on March 1.
A week earlier, one of Mr. Burckhardt’s biotech companies had donated $5 million to MAGA Inc., a pro-Trump political committee, that paved the way for him to attend the event.
At the dinner, Mr. Burckhardt got a chance to speak briefly to the president and other guests about himself and the work of his company, Extremity Care, which makes pricey medical products including paper-thin bandages made of dried bits of placenta, according to three people who spoke on the condition of anonymity to describe the private event. He also brought copies of a flier urging the Trump administration to reverse a plan to restrict Medicare reimbursement for the bandages and criticizing former President Joseph R. Biden Jr. for having “rammed through a policy that would create more suffering and death for diabetic patients on Medicare.”
The next morning, Mr. Trump posted the flier on his social media site.
It was not just symbolic.
About one month later, the Trump administration announced it would delay until next year the Biden administration plan to limit Medicare’s coverage of the bandages, known as skin substitutes, saying that it was reviewing its policies.
https://www.nytimes.com/2025/08/07/us/p ... roid-share
18 Feb 2026 9:13 am
Blue Cities and States are sucking hind tit...Fuelman » 17 Feb 2026, 4:11 pm » wrote: ↑ This news just keeps getting worse!
The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week. The eyewatering figure dwarfs the Government Accountability Office's numbers. The GAO reports that the nation's "federal government loses between $233 billion and $521 billion annually to fraud, according to GAO’s government-wide estimates based on data from fiscal years 2018 through 2022."
During the Senate hearing, Talcove said he places "the number closer to $1 trillion dollars annually, or $115 million every single hour, of which 70% is related to transnational criminals." Talcove told FOX Business that he is surprised "people don't realize how easy it is to steal from government, and taxpayers aren't more outraged."
HHS Secretary Robert F. Kennedy Jr. "released the Medicaid data," Talcove said. "That data has never been seen in public before. And by looking at that, I suspect that trillion dollars that I provided to Congress last week was actually a little bit light," he noted.
This was from Fox Business.
https://www.youtube.com/watch?v=y8JXVUs_6Vk
18 Feb 2026 9:23 am
AI says something else:Blackvegetable » 18 Feb 2026, 10:04 am » wrote: ↑ Why do you believe he is credible?
The majority of fraud occurrs in procurement.
No, the majority of U.S. Government fraud does not come from procurement. While procurement fraud is a major, persistent issue, healthcare fraud historically accounts for the largest share of False Claims Act recoveries, often 65% to 90%, whereas procurement fraud generally represents less than 10% of those recoveries. Holland & KnightHolland & Knight +1
Procurement may be a larger percentage if really dug into.
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