The biggest detected municipal fraud in US history
Enabled by an accounting firm
$53 million stolen from just one small city
There’s very little reporting on the details of financial fraud in government.
There’s almost no reporting on fraud at the local level.
Given that there are 13,506 school districts, 19,354 cities and 3,144 counties the potential for fraud is massive.
Here’s the biggest one – that’s been detected.
And here’s some garden variety waste that costs Los Angeles tax payers a mere $10.2 million a year.
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