politics
March 30, 2026
Scott Bessent targets fraudsters with tipster rewards after Minnesota trip
The Treasury Department unveiled a proposal that rewards whistleblowers for reporting suspected fraudulent schemes, as part of the Trump administration’s crackdown on illicit financial activity.
TL;DR
- Treasury Department proposes rewarding whistleblowers up to 30% of collected fines for reporting fraudulent schemes.
- The initiative aims to crack down on illicit financial activity under the Trump administration.
- The proposal follows significant fraud uncovered in Minnesota's federal and state welfare programs.
- Medicaid fraud in Minnesota alone is estimated to have cost taxpayers $9 billion.
- Treasury Secretary Scott Bessent highlighted Minnesota as 'ground zero' for major welfare scams and pledged to recover funds and prosecute criminals.
- A new IRS task force will investigate financial institutions facilitating suspicious wire transfers.
- Minnesota's protocols and investigative techniques are intended for a national rollout.
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