Minnesota Welfare Fraud Crackdown

Treasury Secretary Scott Bessent announced a tightened federal probe into Minnesota fraud, creating an IRS task force to investigate financial institutions tied to the Feeding Our Future case — including wire flows to banks in Kenya and China — and requiring all financial institutions in Hennepin and Ramsey counties to report overseas transfers of $3,000 or more while four Twin Cities businesses are under investigation. Bessent also unveiled cash rewards for whistleblowers and Attorney General Pam Bondi said she is sending federal prosecutors to Minnesota as the administration has frozen some federal funding streams amid ongoing legal challenges.