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White House and Congress investigating illicit transactions in broad fraud crackdown

Ó£ÌÒÊÓƵ chief Washington correspondent reports for 'Special Report' as government estimates reveal hundreds of billions of dollars are lost to fraud annually.

Experts warn Congress about 'World War Fraud,' where foreign actors use advanced AI to create fake identities and defraud American taxpayers. GAO estimates federal fraud losses reach $521 billion annually. Sen. Gary Peters calls for empowering government watchdogs, as Sen. Rand Paul emphasizes taxpayer money being wasted.