Treasury Secretary Scott Bessent has officially launched a new anti-fraud whistleblower program.
by GEOFF HARRIS | The National News DeskWASHINGTON, DC - MARCH 05: U.S. Treasury Secretary Scott Bessent looks on before an event celebrating 2025 MLS Cup Champions Inter Miami CF in the East Room of the White House on March 05, 2026 in Washington, DC.
Inter Miami defeated the Vancouver Whitecaps 3-1 to win their first MLS Cup championship. The goal, recover hundreds of billions of dollars in stolen taxpayer funds and reward the tipsters who help the federal government find the money. It's almost like a suitcase in an airport, if you see something say something," Bessent told Fox News Monday. Managed by the Financial Crimes Enforcement Network, the program incentivizes whistleblowers with potentially huge paydays, upwards of 30% of what's collected, to help the federal government recover stolen taxpayer money. It targets fraud in Medicaid & Medicare, government relief programs, and Covid-era economic relief. Beyond standard fraud, it covers money laundering, sanctions violations and the bank secrecy act. This is money that is not going where it's supposed to go but more importantly it's being stolen from the American taxpayer," said Bessent. The administration is directing would-be tipsters to an online submission form to make a tip. Bessent said Monday, so far, the administration has received 700 leads. This could be hundreds of billions of dollars in recouped money and again, the programs are supposed to go to those in need," Bessent said. The program comes on the heels of the formation of the "Task Force to Eliminate Fraud," spearheaded by Vice President JD Vance. Plus, fraud investigations by independent journalists Nick Shirley and James O'Keefe, who recently released reports focusing on alleged hospice, daycare and election fraud happening in California. President of the Capital Research Center, Scott Walter, told The National News Desk, offering between 10%-30% of what's collected is an enormous incentive. There is no honor among thieves so it is entirely possible that you would have some thieves angry at other thieves and turning them in and then you would blow up the entire operation," Walter said. But Walter said the administration could face some hurdles. Pointing to comments made by Bessent, who noted that while the fraud in Minnesota has made headlines, one reason it was identified was that the state has some transparency. Which isn't the case for other areas. Secretary Bessent complained that in the case of New York and California it is opaque. So it is nearly impossible for anybody to discover such things," said Walter.The program is being started as Democratic lawmakers continue to launch probes and formal inquiries into the Treasury Department. Most recently, whether or not Elon Musk influenced its decision to suspend the Corporate Transparency Act.BULVERDE, Texas - Hill College Prep High School has been put on lockdown.Principal Julie Wiley said in the alert that local law enforcement is on campus. The building is also secure and the threat is contained.Check baSAN ANTONIO — Authorities are responding to a reported shooting on the South Side.First responders were called around 9:30 p.m. to the 1700 block of Southeast MThe Bexar County Sheriff’s Office needs your help locating a 14-year-old girl missing since Sunday afternoon.SAN ANTONIO - A 20-year-old man who was shot by a San Antonio Police officer when he was a teenager is expected to appear in court today for a bond hearing.However, it’s tied to a separate case.Today’s hearing will dSAN ANTONIO - The City of San Antonio recently announced it will not observe the Cesar Chavez Day on its scheduled date this year, shifting the holiday to later in the week.City officials said the holiday, typically obse
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