Watchdog Report Finds $225 Million In K-12 Fraud Nationwide
The report, titled Schemers, compiles six years of existing Education Department inspector general findings rather than new investigations.
- State Financial Officers Foundation and Open the Books released the findings July 9, 2026.
- The underlying watchdog reports run from October 2019 through March 2026.
- Losses were tallied across 24 states and Puerto Rico, the report's full geographic reach.
Why it matters: Federal inspectors already found this fraud; the report's real work was adding it up and naming it.
State Financial Officers Foundation & Open the Books, "Schemers" report ↗ · Jul 14, 20267/14/26 · ✓ Checked✓ Check