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Fraud whistleblowers could make millions as Bessent cracks down on sprawling scams
NY Post ^ | 3/29/26 | James Franey

Posted on 03/30/2026 3:08:14 AM PDT by Libloather

Uncle Sam needs you to help crush the billion-dollar financial fraud gangs.

Treasury Secretary Scott Bessent is launching a new program on Monday that will reward tipsters with up to 30% of the fines imposed on criminals who are trying to bleed US taxpayers dry, The Post has learned.

The program includes tips for Medicaid and Medicare rip-offs — and given that fraud in those two programs tops some $70 billion per year according to one estimate, whistleblowers could be in for some big payouts.

Other forms of financial crimes are also included.

The move comes after Bessent visited Minnesota in January, which had become ground zero for a sprawling web of scams by Somali immigrants, who allegedly ripped off government welfare programs to the tune of at least $9 billion since 2018.

The payments will come directly from fines, rather than having the American taxpayers foot the bill, according to confidential Treasury documents obtained by The Post.

“Individuals located in the United States or abroad who provide information may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000,” one of the documents reads.

It would mirror a similar scheme run by the Internal Revenue Service, which is also overseen by the Treasury Department.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Conspiracy; History; Travel
KEYWORDS: bessent; fraud; scams; whistleblowers
Just turned in Omar. Could be worth a few bucks. She's the one who married her brother.
1 posted on 03/30/2026 3:08:14 AM PDT by Libloather
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To: Libloather

Nick Shirley should be the first to get a nice fat check.


2 posted on 03/30/2026 3:21:14 AM PDT by American Infidel (Instead of vilifying success, try to emulate it)
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To: Libloather

This seems similar to the red flag law in VA, which allows your neighbor to squeal on you for mishandling a gun. In their opinion


3 posted on 03/30/2026 4:31:44 AM PDT by albie
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To: Libloather

Should include a % of funds recovered.

Also, collecting .gov reward money is historically difficult.


4 posted on 03/30/2026 4:46:12 AM PDT by GeneralisimoFranciscoFranco (I love liberals. They taste like chicken.)
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To: albie

% of the Fines imposed after conviction The accuser has to be right about the violations


5 posted on 03/30/2026 4:56:05 AM PDT by griswold3 (Truth, Beauty and Goodness)
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To: American Infidel

Shirley actually brought to light all the quiet, unsung work done by a guy named “David.” David has been chasing the fraudsters for a decade.


6 posted on 03/30/2026 5:47:31 AM PDT by ProtectOurFreedom
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To: Libloather

according to one estimate, whistleblowers could be in for some big payouts.


could be an interesting new fashion, better than hula hoops......................


7 posted on 03/30/2026 6:39:33 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
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To: Libloather

I turned in the entire congress.


8 posted on 03/30/2026 8:59:37 AM PDT by Organic Panic ('Was I molested. I think so' - Ashley Biden in response to her father joining her in the sho)
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