{"id":63359,"date":"2026-03-30T14:43:56","date_gmt":"2026-03-30T18:43:56","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=63359"},"modified":"2026-03-30T14:43:56","modified_gmt":"2026-03-30T18:43:56","slug":"the-reward-for-whistleblowers","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=63359","title":{"rendered":"The Reward For Whistleblowers"},"content":{"rendered":"

On Sunday, The New York Post<\/a> posted an article about\u00a0 Treasury Secretary Scott Besent’s idea for encouraging whistleblowers to report fraud.<\/p>\n

The article reports:<\/p>\n

Uncle Sam needs you to help crush the billion-dollar financial fraud gangs.<\/strong><\/p>\n

Treasury Secretary Scott Bessent<\/a> 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.<\/strong><\/p>\n

The program includes tips for Medicaid and Medicare rip-offs \u2014 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.<\/strong><\/p>\n

Other forms of financial crimes are also included.<\/strong><\/p>\n

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.<\/strong><\/p>\n

\u201cIndividuals 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,\u201d one of the documents reads.<\/strong><\/p>\n

It would mirror a similar scheme run by the Internal Revenue Service, which is also overseen by the Treasury Department.<\/strong><\/p>\n

The article notes:<\/p>\n

Medicaid and Medicare fraud costs at least an estimated $68.7 billion each year, according to a 2022 study conducted by the Colorado State University Global White Collar Crime Task Force.<\/strong><\/p>\n

\n
\"Illustration \u00a0<\/span> <\/span><\/a><\/strong><\/div>
The Justice Department has alleged that $10 billion in fraudulent claims were filed while transnational criminal organizations received $941 million from Medicare and Medicaid supplemental insurers. DOJ<\/span><\/strong><\/figcaption><\/figure>\n

The confidential Treasury warning to banks raises as many as 24 \u201cred flags\u201d for financial institutions to watch for, including claims logged by someone without permanent residence in the US, sudden spikes in billing from newly established medical companies, or making huge transfers to companies overseas just after a direct deposit from the government clears.<\/strong><\/p>\n

The article concludes:<\/p>\n

Treasury hit New York-based investment bank Canaccord Genuity with a record $80 million civil fine just three weeks ago for failing to monitor suspicious trading.<\/strong><\/p>\n

Investigators said that between 2019 and \u20602022, Canaccord failed to file at least 160 suspicious activity reports covering thousands of \u200bquestionable transactions, with some activity that deserved \u201cred flags\u201d going unreviewed for months or years.<\/strong><\/p>\n

The allegations were unrelated to healthcare fraud, but focused on a Cyprus-based firm that spent years helping Russian oligarchs move money out of Russia.<\/strong><\/p>\n

The corruption is deep, and it is on both sides of the aisle.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Sunday, The New York Post posted an article about\u00a0 Treasury Secretary Scott Besent’s idea for encouraging whistleblowers to report fraud. The article reports: Uncle Sam needs you to help crush the billion-dollar financial fraud gangs. Treasury Secretary Scott Bessent … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4506,19300,8321,17681,13189],"class_list":["post-63359","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-fraud","tag-medicaid-and-medicare-fraud","tag-the-new-york-post","tag-treasury-secretary-scott-bessent","tag-whistleblowers"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/63359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63359"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/63359\/revisions"}],"predecessor-version":[{"id":63360,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/63359\/revisions\/63360"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}