The Trumpian “War on Fraud” Is a Trojan Horse for Austerity
The State Financial Officers Foundation claims to be a nonpartisan, neutral body representing the guardians of state finances. In truth, the corporate donor–dependent nonprofit pushes a right-wing austerity agenda under the guise of fighting fraud.

Conservative power broker Leonard Leo has deep ties to CRC Advisors, a major funder of the ostensibly nonpartisan State Financial Officers Foundation. (Nordin Catic / Getty Images for The Cambridge Union)
As the Trump administration has slashed benefits programs like Medicaid and raided Minneapolis daycare centers in the name of a new, politicized “war on fraud,” the innocuous-sounding State Financial Officers Foundation has been cheering it on.
The organization, composed of state auditors and treasurers, wished the White House “unbridled success in that mission” and pledged to support it “as allies already on the battlefield,” even releasing a well-timed report that claimed to have identified billions of dollars in fraudulent spending across the country.
The State Financial Officers Foundation, a nonprofit, claims to be a nonpartisan, neutral body representing the guardians of state finances. In truth, the group has been backed by corporate donors, including banks, credit card companies, and hedge funds. It also has ties to conservative power broker Leonard Leo’s dark money network, which has worked directly with state officeholders who are part of the group.