Treasury Secretary Scott Bessent Treasury Sends Investigators to Minnesota to Probe Alleged Fraud and Overseas Money Transfers WASHINGTON, D.C. — The U.S. Treasury Department is ramping up its investigation into alleged large-scale fraud in Minnesota, deploying investigators and tightening financial reporting rules to track millions of dollars believed to have been sent overseas through money services businesses. Treasury Secretary Scott Bessent announced Friday that federal authorities are expanding enforcement actions following revelations that hundreds of millions of taxpayer dollars may have been siphoned from Minnesota’s social services system and transferred abroad, including to Somalia. “We will not stop until we fully investigate, analyze, and permanently end this massive fraud ring,” Bessent said, adding that the scope of the investigation continues to widen. As part of the effort, the Treasury Department will issue a Geographic Targeting Order (GTO) requiring enhance...
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