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…
PROCUREMENT & EXPENDITURE (STOPPING KICKBACKS)
Procurement fraud usually involves inflated invoices or “fictitious” vendors.
- The Three-Way Match: Never pay an invoice unless you have matched the Purchase Order (PO), the Delivery Note (signed), and the Supplier Invoice.
- Vendor Master File Review: Review your vendor list annually. Look for suppliers with the same bank details or physical addresses as your employees.
- Dual Authorization: Implement a “Two-to-Sign” rule for all EFT payments above a certain threshold (e.g., R5,000).
- No “Cashing” of Checks: If you still use physical checks, strictly prohibit “Cash” as a payee and store blank checks in a dual-lock safe.