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As pervasive fraud schemes continue to sweep across the U.S., a group that seeks to preserve economic freedoms at the state level says that former President Joe Biden’s policies were a main driver for the proliferation of the issue.
OJ Oleka, CEO of the State Financial Officers Foundation, said “relaxed controls” during the last administration opened the door to widespread fraud and misuse of taxpayer dollars. And state treasurers are now leading the fight to strengthen oversight and reclaim funds for the American people.
“This isn’t a partisan statement, but it is a true statement to say that this kind of exploded during the Biden administration,” Oleka told Fox News Digital. “A lot of the controls were turned off. A lot of states who have the philosophy that ‘more government is good’ just simply turned on the spigots and allowed anybody to get access to any benefit.”
Speaking from SFOF’s annual conference in Clearwater, Florida, Oleka said fraud has become so deeply embedded in government programs that it’s now “a feature in the system, not a bug.”
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Former President Joe Biden speaks to a crowd during a fundraising event with the South Carolina Democratic Party at the Columbia Museum of Art on Feb. 27, 2026 in Columbia, S.C. (Sean Rayford/Getty Images)
SFOF’s first-ever Oversight Report for 2025 found that affiliated state financial officers protected and returned $28 billion to taxpayers last year, uncovering $5.7 billion in waste, fraud and abuse. They, meanwhile, generated or returned another $22.3 billion through investment earnings and unclaimed property programs.
“We say that fraud actually has an industry in this country,” Oleka said. “What we’re trying to do is root out the fraud industrial complex that exists within our government programs. That’s the biggest challenge.”
He pointed to weak eligibility…
