Latest: In his remarks in St. Cloud, published by Treasury as release sb0671, Bessent announced a single whistleblower portal at America.gov/fraud, with Treasury seeding a $25 million Fraud Whistleblower Incentive Program and rewards of up to $30,000 for information that leads to a conviction or enforcement action. He said the administration has uncovered more than $260 billion in fraud since January 2025, prevented $72 billion a year from going to illicit actors and brought enforcement actions involving nearly $60 billion, and that in Minnesota FinCEN data have supported 115 arrests and charges, 75 convictions and nearly 3,000 subpoenas. He also said Treasury returned $175 million in payments that would have gone to deceased individuals over the past year and expanded Do Not Pay access from 4 percent to 99 percent of federal programs.
Speaking in St. Cloud, Minnesota, as part of the White House Task Force to Eliminate Fraud, Treasury Secretary Scott Bessent announced new measures against fraud in the state and said Treasury has stopped nearly $190 million in funds tied to overseas fraud and returned more than $100 million to US victims. The Financial Crimes Enforcement Network issued an alert asking financial institutions to watch for suspicious cross-border payments involving US money services businesses, which handled more than $8 billion in potentially suspicious wire payments sent at the direction of foreign agents from 2021 to 2025, and a separate notice on detecting charities and non-profits used for fraud, terrorist financing and embezzlement. The announcement follows the sentencing this week of Salim Said, a co-conspirator in the Feeding Our Future scheme, to 30 years in federal prison for his part in defrauding a federal child nutrition program of $49 million.