Treasury Secretary Scott Bessent joins ‘Fox & Friends’ to discuss the gradual reopening of the Strait of Hormuz and unveils a new fraud crackdown program to expose scams in healthcare and other industries.
Treasury Secretary Scott Bessent announces a massive nationwide fraud crackdown, encouraging whistleblowers to expose schemes with up to a 30% reward. Bessent highlights how financial institutions have seen a 20% increase in suspicious activity reports, particularly in healthcare, Medicaid, and COVID-19 relief fraud. He emphasizes the need for transparency from states like New York and California, noting the federal government aims to recover hundreds of billions lost to criminal organizations.
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