MADISON, Wis. (WMTV) – Vice President JD Vance promised a crackdown on fraud nationwide Wednesday during a visit to Milwaukee.
Vice President Vance announced the Labor Department is launching an investigation and issuing subpoenas targeting H1B visas.
H1B visas are employer-sponsored visas that allow companies to employ immigrants who have specialized knowledge or talents.
“Big corporations and fraudsters overseas are using this program to undercut the wages of American workers,” Vance said. “So you know what we’re saying in the Trump Administration? No more.”
Vance said the Trump Administration is also targeting fraud in SNAP, Medicaid and prenatal care.
Vice President Vance said these investigations will increase the amount of funding available for those who actually need these programs.
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.