"Bessent said his agency has launched a series of actions to combat fraud in the state and has launched investigations into four businesses that people use to wire money to family members abroad to do more to scrutinize transactions. He did not name the businesses. His visit to the state coincides with protests in Minneapolis after an Immigration and Customs Enforcement officer fatally shot a woman in a residential neighborhood south of downtown on Wednesday, leading to a clash between federal and local leaders."
"President Donald Trump has targeted the Somali diaspora in the Democratic-led state with immigration enforcement actions and has made a series of disparaging comments about the community, directing Bessent to uncover more fraud. The Treasury first announced last month that it would begin targeting money service businesses, focusing on remittances to Somalia. The department's actions have been prompted in part by a series of fraud cases, including a nonprofit called Feeding Our Future accused of stealing coronavirus pandemic aid meant for school meals."
Bessent said his agency launched actions to combat fraud and opened investigations into four businesses used to wire money abroad, without naming them. His visit coincided with Minneapolis protests after an ICE officer fatally shot a woman, prompting a clash between federal and local leaders. Trump targeted the Somali diaspora in Minnesota and directed Bessent to uncover fraud. The Treasury said it would target money service businesses, focusing on remittances to Somalia. Feeding Our Future faces accusations of stealing $300 million in pandemic school meal aid and its founder, Aimee Bock, was charged and later convicted while maintaining her innocence; Gov. Tim Walz said fraud will not be tolerated and will work with federal partners, and Bessent met financial institutions to urge greater transaction scrutiny.
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