The United States Department of the Treasury is continuing to keep close tabs on bank transactions and financial movement in Minnesota amid numerous fraud scandals in the state.
Minnesota has come into the federal government’s crosshairs in the aftermath of the Feeding Our Future case, as well as multiple other cases of Medicaid fraud.
The department announced Friday that its Geographic Targeting Order will continue, as it is “requiring banks and money transmitters located in the Counties of Hennepin and Ramsey, Minnesota to retain and report records of certain payments of $3,000 or more.”
Treasury promised to follow the money, and that is exactly what we are doing. We will continue to give law enforcement critical tools to trace criminal networks that siphon taxpayer dollars and move them overseas. The Trump Administration will not allow criminals to profit from… https://t.co/85jeaPiGxt
— Treasury Secretary Scott Bessent (@SecScottBessent) August 7, 2026
“Treasury promised to follow the money, and that is exactly what we are doing,” Secretary of the Treasury Scott Bessent said in a statement on Friday.
“We will continue to give law enforcement critical tools to trace criminal networks that siphon taxpayer dollars and move them overseas. The Trump Administration will not allow criminals to profit from programs intended to help vulnerable Americans,” Bessent continued.
In May, the Justice Department said that the Minnesota Health Care Fraud Takedown resulted in 15 individuals facing charges for $90 million or more. The national mission this year resulted in 455 people facing charges, and $6.5 billion or more in possible fraud, according to the Justice Department in June.
Townhall reported earlier this week that Vice President JD Vance's anti-fraud task force began making legislative recommendations to prevent public benefits fraud on a national level, as he and other leaders on the panel specifically want laws requiring states to share their data on who's getting payouts.
“This effort will fundamentally always have a limitation unless our colleagues in the House and the Senate are working with us,” Vance noted Wednesday at a roundtable with Republican lawmakers.
“I think probably the simplest explanation is that when Congress was drafting these statutes, they still lived in a high-trust society, and it eclipsed their imagination that there would be systemic, widespread, continual lying, fleecing, and organized crime to rip off hundreds of billions of dollars from the American taxpayer, which is what has happened,” Miller said. “There needs to be strict, clear, mandatory minimums.”
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