(WND)—A recent investigation found that fraud in the Somali immigrant community in Minnesota was taking hundreds of millions, even billions, of dollars from taxpayers, and much of it was going to Somalia, where it was delivered into the hands of al-Shabaab terrorists.
The federal government already has launched an investigation, and now Treasury Secretary Scott Bessent has confirmed that under review will be those organizations and companies that shift money from one part of the globe to another – the money transfer schemes.
Egregious fraud in Minnesota has cost taxpayers hundreds of millions of dollars, including funds sent to Somalia through money services businesses (MSBs), which provide financial services outside a formal bank.
Under @POTUS’ leadership, the @USTreasury will not stop until we…
— Treasury Secretary Scott Bessent (@SecScottBessent) December 12, 2025
He explained, “Egregious fraud in Minnesota has cost taxpayers hundreds of millions of dollars, including funds sent to Somalia through money services businesses (MSBs), which provide financial services outside a formal bank. Under @POTUS’ leadership, the @USTreasury will not stop until we fully investigate this deeply disturbing scam.
“To that end, Treasury will soon issue a Geographic Targeting Order (GTO) subjecting certain Money Services Businesses (MSBs) to enhanced reporting requirements with FinCEN. This important tool will be used to make sure information regarding any such illicit activity is quickly reported to
@FinCENnews and made available to our law enforcement partners. This will empower investigators to develop additional leads through increased scrutiny on funds going to areas of concern, such as Somalia. Additionally, Treasury personnel are on the ground working hard to uncover the facts. FinCEN will soon be issuing Notices of Investigations to MSBs of concern, and I can report that
@IRSnews will be examining these businesses. Under President Trump, we will not stop until we fully investigate, analyze, and permanently end this massive fraud ring.”
The result will be increased requirements for financial reporting from a long list of organizations.
The Washington Examiner said, “The new order shows the Trump administration is ramping up its investigation into widespread claims of financial fraud involving Minnesota’s social services system. The stolen money has allegedly been siphoned by al Shabaab, an al Qaeda-affiliated terrorist group based in Somalia.”
Bessent’s investigation actually started a few weeks ago, and this is the latest expansion.
President Donald Trump has blamed Minnesota Gov. Tim Walz, who was the failed vice presidential candidate on the Democrats’ 2024 ticket, for letting Somali nationals take over the state and turn it into a “hub of fraudulent money laundering activity.”
Walz, meanwhile, has promised to “welcome more” Somalians to his state.
🚨BREAKING: Dr. Oz says Minnesota Governor Tim Walz KNEW about the fraud but did nothing about it because the Somali community votes Democrat. The fraud got so bad that members of the Somali community spoke out.
Autism spending went from $3 million to $400 million.
DEFUND THEM. pic.twitter.com/e8wPcX3cNP
— Derrick Evans (@DerrickEvans4WV) December 10, 2025
Don’t let this story die, Minnesota Governor Tim Walz must be held criminally accountable.
“Over 480 DHS workers in Minnesota say Governor Walz covered up years of Somali linked fraud, totaling over a billion dollars.
Whistleblowers say Walz retaliated against them by threatening… pic.twitter.com/eDo9eFjq2H— A Man Of Memes (@RickyDoggin) December 6, 2025
It was an investigation by City-Journal that concluded, “Billions in taxpayer dollars have been stolen during the administration of Governor Tim Walz alone. Democratic state officials, overseeing one of the most generous welfare regimes in the country, are asleep at the switch. And the media, duty-bound by progressive pieties, refuse to connect the dots.”
The new, and major, fraud scheme “has allegedly been perpetrated by members of Minnesota’s sizeable Somali community,” the research explained. “Federal counterterrorism sources confirm that millions of dollars in stolen funds have been sent back to Somalia, where they ultimately landed in the hands of the terror group Al-Shabaab.”
‘Walz’s political career’: Congressman willing to subpoena Minnesota guv over Somali fraud schemes
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Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.