Bombshell report exposes billions in waste, fraud as group pledges to work with Trump | 27 Feb 2026 | As the Trump administration appoints Vice President JD Vance to lead a nationwide “War on Fraud,” a coalition of conservative state financial officers says it has already uncovered and stopped billions in taxpayer waste and is pledging to partner with the White House to root out corruption nationwide. In a Thursday letter to the White House, the State Financial Officers Foundation (SFOF) praised President Donald Trump’s focus on what he called fraud scandals that have “resulted in tens of billions of dollars being stolen from American taxpayers,” writing that such corruption “shreds the fabric of a nation” SFOF CEO OJ Oleka told Vance that the group’s 40 conservative state treasurers, auditors and comptrollers across 28 states stand ready to support the administration’s anti-fraud mission, noting they collectively oversee more than $3 trillion in state funds.