US EditionTreasury rachets up investigations targeting Minnesota’s Somali community for fraud
The Treasury Department targets Minnesota Somali fraud schemes with enhanced reporting and IRS investigations amid allegations that $300 million in stolen funds may support al-Shabaab.
- President Donald Trump has targeted the Somalian diaspora in Minnesota, accusing the state of being a hub of fraudulent money laundering activity, although there has been little evidence to support that claim.
- The new Treasury Department action was prompted in part by a $300 million fraud case involving a nonprofit called Feeding Our Future, accused of stealing pandemic aid meant for school meals.
- The Treasury Department plans to require additional verification for money wire services sending funds to Somalia and will deploy the Financial Crimes Enforcement Network to combat potential financial crimes, while the IRS will investigate firms accused of fraud.
43 Articles
43 Articles
Treasury, IRS crack down on Somali fund transfers while probing 'massive fraud ring'
Share This StoryTreasury Secretary Scott Bessent announced on Dec. 12 that his agency soon will subject certain money-transfer businesses to “enhanced reporting requirements” to enable greater scrutiny of “funds going to areas of concern, such as Somalia.” In addition, some money-transfer businesses will be receiving “notices of investigations,” which will include IRS review, he said. Bessent gave that update 11 days after the Treasury Departmen…
Tim Walz Gets Called Out By Trump Admin For "Egregious Fraud", Faces Serious Crackdown - The American Tribune.com
The Trump Administration is evidently getting serious about cracking down on the sort of massive fraud that migrant groups in blue states have seemingly long been allowed to get away with engaging in, as Treasury Secretary Scott Bessent took to X to announce a massive crackdown on Governor Tim Walz’s Minnesota over the Somali fraud rings scandals. As background, it has been revealed over the course of 2025 that massive fraud rings largely compos…
Stephen Miller Predicts the $1+ Billion Somali Fraud in Minnesota "The Greatest Financial Fraud Scandal in American History"
White House Deputy Chief of Staff Stephen Miller appears on Fox News to discuss the federal investigation that is taking place into a massive welfare and subsidy scam uncovered in Minnesota. At the heart of the issue are thousands of Somali immigrants who were allowed into the U.S. and have abused various aid programs. There […]
Bessent puts bull’s-eye on operations sending tax money to al-Shabaab in Somalia * WorldNetDaily * by Bob Unruh
Source link Gov. Tim Walz, D-Minn. A recent investigation found that fraud in the Somali immigrant community in Minnesota was taking hundreds of millions, even billions, of dollars from taxpayers, and much of it was going to Somalia, where it was delivered into the hands of al-Shabaab terrorists. The federal government already has launched an investigation,
Treasury, IRS Crack Down on Somali Fund Transfers While Probing ‘Massive Fraud Ring’
Treasury Secretary Scott Bessent announced on Dec. 12 that his agency soon will subject certain money-transfer businesses to “enhanced reporting requirements” to enable greater scrutiny of “funds going to areas of concern, such as Somalia.” In addition, some money-transfer businesses will be receiving “notices of investigations,” which will include IRS review, he said. Bessent gave that update 11 days after the Treasury Department began probing …
Coverage Details
Bias Distribution
- 44% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
