Exclusive | Health care fraud whistleblowers could make millions as Bessent cracks down on sprawling scams - New York Post
Uncle Sam needs you to help crush the billion-dollar health care fraud gangs.
Treasury Secretary Scott Bessent is launching a new program on Monday that will reward tipsters with up to 30% of fines imposed on criminals who are trying to bleed Medicare and Medicaid dry, The Post has learned.
And given that fraud of those two programs tops some $70 billion per year according to one estimate, whistleblowers could be in for some big payouts.
The move comes after Bessent visited Minnesota in January, which had become ground zero for a sprawling web of scams by Somali immigrants, who allegedly ripped off government welfare programs to the tune of at least $9 billion since 2018.
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.
“Individuals 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,” one of the documents reads.
It would mirror a similar scheme run by the Internal Revenue Service, which is also overseen by the Treasury Department.
The 63-year-old former hedge fund mogul’s idea is to pay informants 10-30% of the proceeds when criminals are slapped with fines of more than $1 million.
A leaked memo reveals that Bessent will also put US banks on high alert, warning that sophisticated fraudsters...
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