MINNEAPOLIS (FOX 9) – The U.S. Department of Justice announced it will hold a news conference on “significant law enforcement action” involving fraud in Minnesota.
Federal officials are set to speak at the U.S. Attorney’s Office for the District of Minnesota at 11 a.m. on Thursday.
The news conference can be viewed in the player above.
Feds to unveil ‘significant law enforcement action involving fraud in Minnesota’
What we know:
The Department of Justice said the following people will attend the news conference:
- Acting U.S. Attorney General Todd Blanche
- Secretary of Health and Human Services Robert F. Kennedy, Jr.
- Assistant Attorney General for the National Fraud Enforcement Division Colin McDonald
- Vice Chair of the White House Task Force to Eliminate Fraud Andrew Ferguson
- Federal Bureau of Investigations Co-Deputy Director Christopher Raia
- Administrator of the Centers for Medicare and…
This type of fraud targets the supply chain and accounts payable departments of businesses.
- Invoice Manipulation: Criminals intercept a legitimate invoice between a supplier and a client and change the banking details to their own. The client pays the bill thinking they are paying their trusted vendor.
- Kickbacks and Bribery: A vendor secretly pays an employee of the purchasing company to ensure their bid is successful or to overlook inflated pricing.