Billions of Dollars are Lost to Small Business Fraud

Published on: September 26th, 2021

With the federal government committing at least 23 percent of contracts to small business, how much is lost to fraud?  An audit by the Department of Veterans Affairs found the VA awarded $500 million annually to ineligible veteran-owned and service-disabled veteran-owned small businesses in a single year.  Similarly, an audit by the Department of Defense of just 29 contractors found that the agency wrongfully awarded $827.8 million to ineligible small businesses.  For more information about the government’s best tool to fight fraud, please visit Fraud in America, presented by Taxpayers Against Fraud.

This article is intended for general informational and educational purposes only and should not be construed as legal advice. 

If you are aware of fraud on any federal or state program that has caused financial damage to the government, contact our office to discuss it, free of charge. Please fill out our free consultation form by clicking here; email us at; or call (404) 842-1075, ext. 123 or 122.