U.S. Treasury Secretary Scott Bessent talks about tackling Minnesota fraud after Vice President JD Vance announced an assistant attorney general position to handle nationwide fraud on ‘The Ingraham Angle.’

Over the last several years, criminals have exploited the culture of "Minnesota nice" to steal billions of dollars in taxpayer funds in one of the most egregious frauds in our nation’s history. Under Democratic Gov. Tim Walz, these fraudsters—many of whom are not even American citizens—lined their pockets with money that was initially intended to feed hungry children, house disabled seniors, and provide services for young students with special needs.

Last week, I traveled with my team to Minneapolis to meet in person with the investigators, prosecutors, legislators, and community members on the front lines of combating this crime. Their frustration was palpable. There, we learned more about a transnational money laundering scheme that festered under President Joe Biden and the state’s political leadership. The scandal was unprecedented in its scope and scale. But so is President Trump’s plan to fix it by attacking fraud at the source—both in Minnesota and across the country.

At the president’s direction, the Treasury Department is examining the transfer of funds allegedly sent from the affected parts of Minnesota to other countries, including Somalia. These funds are often sent through money services businesses, which provide financial services outside the banking system. This money could have potentially been diverted to terrorist organizations, such as Al-Shabaab. Treasury has a long history of following the money to financially suffocate bad actors, like the mafia and Mexican drug cartels. Now we are doing the same to shut down

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