This story originally was published by Real Clear Wire. By Jeremy Portnoy Real Clear Wire Topline: A former Government Accountability Office executive recently told 60 Minutes she believes the federal government loses $550 billion to $750 billion to fraud each year, an increase from previous estimates. Key facts: Last year a GAO study claimed that fraud costs the government $233 billion to $521 billion annually, though the authors noted, “We cannot eliminate the possibility that the actual amount of fraud could be outside of the range of our estimate.” Linda Miller, who spent 10 years at the GAO as an assistant director, said the estimate is too low. Her $750 billion figure represents more than 11% of all the money the government spent last year….
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