House oversight Committee grills Walz, Ellison on Minnesota fraud – St. Cloud Times

• House Republicans held a hearing focused on alleged widespread fraud in Minnesota’s social safety net programs.
• Minnesota officials, including Gov. Tim Walz, defended their anti-fraud efforts and accused the Trump administration of political retribution.
• The hearing also addressed the Trump administration’s hold on millions in Medicaid funding to the state.

Republicans on the House Oversight Committee sought to turn the page Wednesday on the federal law enforcement surge that killed two U.S. citizens in Minneapolis and turned public opinion against the Trump administration’s immigration policy. They returned to a familiar…

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This category refers to crimes committed by employees or insiders against their own organizations. It is often the most damaging because the perpetrator has authorized access to systems.

• Asset Misappropriation: The most common form, involving the theft of company resources. This ranges from simple “skimming” (taking cash before it’s recorded) to complex schemes involving the theft of inventory or intellectual property.
• Payroll Fraud: Employees may create “ghost employees” on the system, falsify their own timesheets to claim unworked overtime, or divert salary payments to their own accounts.
• Financial Statement Fraud: Management deliberately misrepresents the company’s financial health by inflating revenue or hiding liabilities to attract investors or meet performance bonuses.