Trump Offers Snitches 1% Of The Fraud They Report, From A $25 Million Pot, With Himself As Judge

What happened: President Trump announced a federal whistleblower program paying informants 1% of the fraud they report, with himself as arbitrator of who gets paid. Vice President JD Vance, who leads the fraud task force, stood beside him. Key numbers: Program described as $25 million, run by the Justice Department. Why it matters: The 1% rate is a tenth of the 10% floor Treasury already advertises, and at 1% the $25 million pot is used up by $2.5 billion of reported fraud. Critics question whether the president is more interested in hunting whistleblowers than protecting them.

President Trump announced a federal whistleblower program paying informants 1% of the fraud they report, with himself as arbitrator of who gets paid. Vice President JD Vance, who leads the fraud task force, stood beside him.

The 1% rate is a tenth of the 10% floor Treasury already advertises, and at 1% the $25 million pot is used up by $2.5 billion of reported fraud. Critics question whether the president is more interested in hunting whistleblowers than protecting them.