🚨 BREAKING. Scott Bessent just announced the Internal Revenue Service is launching MASSIVE AUDITS of financial institutions that facilitated the laundering of Minnesota funds.
Read that again.
Banks. MSBs. Financial middlemen.
Anyone who helped move dirty money is about to get… pic.twitter.com/AOXOfIgua7— Stand Up For Trump (@StandUpForTrmp) January 11, 2026
Treasury Secretary Scott Bessent said it’s possible that Minnesota tax dollars could have been filtered to terrorist group al-Shabab, and cast blame on Minnesota Gov. Tim Walz as Minnesota faces investigations into multiple alleged fraud schemes plaguing the state’s social services system.
Bessent said that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) that money service businesses believed to have been connected to the fraud scheme, although he did not name which financial institutions are suspected to be involved.
“We are thoroughly investigating the fraud, including funds sent to Somalia through money service businesses, which provide financial services outside of a formal bank,” Bessent said during a virtual press conference Friday. “These funds could have potentially been diverted to the terrorist organization al-Shabab. We have traced where the money went and are examining that.”