Inside America’s Biggest Child-Relief Cash Grab plus New Policy Targets Illicit Funds in U.S. Banks

The 47 Morning Update with Ben Ferguson · May 22, 2026 · 19m · transcript

1. Massive COVID Relief Fraud Case (Feeding Our Future)

A nonprofit in Minnesota allegedly orchestrated one of the largest COVID-era fraud schemes in U.S. history.

Funds meant to feed children during the pandemic were instead misused.

Estimated fraud total: ~$250 million in taxpayer money.

How the fraud worked:

Creation of fake meal distribution sites

Submission of false attendance records

Filing fraudulent reimbursement claims

Use of stolen funds:

Luxury goods (Lamborghinis, Ferraris, etc.)

Mansions and high-end lifestyles

Large money transfers overseas

2. Legal Consequences and…