Tag

#Financial crime

2 articles

Finance

Billions in COVID Funds Stolen as Protections Were Disabled

Billions in COVID-19 relief funds were allegedly stolen as fraud protections were intentionally disabled by the Biden administration, according to Congressman Pat Fallon. These safeguards are now being reactivated under the Trump administration. The congressman cited political motivations and donor ties as potential reasons for the shutdown, highlighting a shift in organized crime towards less risky financial fraud.

8 hours ago
Geopolitics

Treasury Hunts Health Care Crooks: A New Crackdown

The U.S. Treasury Department is cracking down on fraud within Medicare and Medicaid. An advisory urges financial institutions to watch for schemes run by transnational criminal organizations that use stolen beneficiary information and complicit insiders to file false claims.

9 hours ago