Perhaps the most surprising aspect of the Somali fraud story is the scale. With total costs running into the billions of taxpayer dollars, that raises the question, what happened to all that money? The Somali fraud rings have sent huge sums and remittances or money transfers from Minnesota to Somalia. According to reports, an estimated 40% of households in Somalia get remittances from abroad. In 2023 alone, the Somali diaspora sent back $1.7 billion. More than the Somali government's budget for that year. (07:16–07:24)
CLAIM
Asserts that Somali fraud rings are sending large amounts of money from Minnesota to Somalia.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
