Vice President JD Vance on Friday announced that the federal anti-fraud task force under his leadership had uncovered more than $230 billion in defrauded public funds since the panel's formation.

"There are a few things that I want to talk about and celebrate. The first is that just since the beginning of the fraud task force that I started under the president's leadership and direction, we have identified 230 billion dollars of fraud that's being perpetrated against the American people, and we have halted already 56 billion dollars of that," he said during a Cabinet meeting.

"It's sometimes hard once the money has already gone out the door; it's hard to get it back. But stopping it from going out the door is how we save the American people. $56 billion, and of course, we're going to keep on working on that," he added.

Vance further confirmed that his task force was set to announce additional anti-fraud actions later on Friday.

"Just today, Mr. President, we will announce 17 new anti-fraud actions that will total about a third of a billion dollars, and that's added to the $230 billion that we've already uncovered," he said.

Trump named Vance as his "fraud czar" in April of this year.

Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.