WATCH: Trump Announces 1% Commission To Reward People Who Expose Fraud

President Trump on Tuesday announced the Fraud Whistleblower Incentive Program, promising a 1% “commission” to Americans, including journalists, who report the theft of taxpayer dollars to the new tip line at fraud.gov. 

Trump made the announcement in the Oval Office alongside Vice President JD Vance, chairman of the White House Task Force to Eliminate Fraud, task force Vice Chairman Andrew Ferguson, Centers for Medicare & Medicaid Services Administrator Mehmet Oz, White House Deputy Chief of Staff Stephen Miller, and independent journalist Nick Shirley.

“It’s the largest commission ever paid, probably for anything anywhere, because the numbers you’re talking about are in the trillions,” Trump said of the reward.

Trump said that his administration has already “uncovered $260 billion of fraud,” but “that’s peanuts compared to what the real number is.”

“And I think with this incentive, people are going to say, ‘Wow.’ It’s going to keep a lot of people honest, I can tell you that, so it’s amazing,” he said.

Trump further outlined the other ways that they’ve saved Americans hundreds of billions of dollars by rooting out fraud:

• 160,000 dead people removed from the list of food stamp recipients
• 275,000 illegal aliens kicked off of Social Security
• 125 billion dollars in Obamacare subsidies eliminated
• Uncovered 562,000 fraudulent small business loans
• Cut off funding to hundreds of fake hospice facilities that stole an estimated $1.4 billion

WATCH:

Transcript:

Today, I’m thrilled to announce the Fraud Whistleblower Incentive Program. Fraud Whistleblower Incentive Program. And mark those words. Independent journalists and everybody and all Americans will now be able to go to the fraud.gov and report cases of corruption and theft of taxpayer dollars in their communities, all via a new website created by Joe Gebbia, who’s fantastic, by the way, and the team at the National Design Studio.

Everything Joe’s done has been a big success for us. So, here’s what we’re going to be doing. Anybody that can prove that he turned somebody in — in other words, he or she — if you turn somebody in and you, let’s say, report and you find a billion dollars, we are giving a commission to that person of 1%.

It’s a lot of money, and if it’s 10 billion, 200 billion, 400 billion, we’re giving a 1% commission to that person. You have to prove that you were the one and prove that it was you. And I don’t know if you can do this, but subject to the laws of our nation, which I feel very strongly about, if a reporter turns somebody in, you’ll have to get approval, perhaps from your wonderful newspaper. But if you turn somebody in, you get a 1% commission. You may turn it down, or you may say, ‘I’m not going to be a reporter any longer. This is too easy.’ So, if a reporter turns somebody in, we’re going to continue the same 1%

So, if somebody turns somebody in for a million dollars, but the million dollars is very small potatoes, you get a 1% commission, subject to the rules of the nation, subject to all of the things, and we’re going to let the reporters for the first time in many cases in your lives — you’ve done a good job. Some are very professional journalists, but it’s not a very profitable thing to do. It’s a very important thing to do. Very few things are more important than good journalism. But we’re going to, if they’re allowed to do it, if you can get approval from your media outlet, whoever that may be, we’re going to let the reporters partake because you know a lot of things that are happening, maybe many cases more than most others. So, I’m going to add into that group of people, reporters.

So, if anybody turns anybody in, $1 billion, $5 billion, $100 billion, you get a 1% commission, and I think that will be amazing, because the kind of money that’s been stolen is trillions from this country by crooked politicians that made things and set things up, crooked attorney generals like we have in New York, like we have in Minnesota, like we have—I can name all of them. I can name all of them pretty much.

This new incentive program will help expand the anti-fraud and corruption efforts of J.D. and his people, and they really are, they are amazing people, smart. It’s incredible. Without any incentive, the kind of money that they’ve already found: billions and billions of dollars — and save American taxpayers, it’ll save trillions, I believe, trillions. So, since I came into office, we’ve already uncovered $260 billion of fraud, and that’s peanuts compared to what the real number is.

And by and and when we talk, we’re talking about Oz, we’re talking about Medicare, Medicaid, all of the things that you’ve uncovered so far, and he’s discovered billions, but that’s a tiny fraction of what the real number is, and I think with this incentive, people are going to say, ‘Wow.’ It’s going to keep a lot of people honest, I can tell you that, so it’s amazing. We’ve removed the names of 160,000 dead people from the list of food stamp recipients. These are people that died. Some of them were quite old, actually, well over 100, many, many over 100. We kicked 275,000 illegal aliens off of Social Security — and Frank has been amazing in Social Security, JD, I think, he’s been fantastic whatever he does — and eliminated 125 billion dollars in Obamacare subsidies, which is a totally corrupt form of healthcare for foreign migrants. We uncovered 562,000 fraudulent small business loans. Think of it, not $562,000, 562,000 fraudulent loans, and we cut off funding to hundreds of fake hospice facilities that stole an estimated $1.4 billion, and that number you can probably multiply times 100.

So now I’m going to ask J.D. to speak, J.D. Vance to speak. He’s done a fantastic job as our Vice President, and now he’s really into this because he sees what —and you know he sees what’s happened, how sick it is. But the American public is not going to stand for it. So, JD is going to be followed by Andrew Ferguson, Dr. Oz, and Nick Shirley.

I just want to say that it’s such an honor to do this, and all of those people that are willing to do the right thing and turn people in that they know where has been something that happened that they know all about, they’re going to become rich. When you get 1% of a billion dollars, 1% of $100 billion, it’s going to be a tremendous amount of money. It’s the largest commission ever paid, probably for anything anywhere, because the numbers you’re talking about are in the trillions.

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