Treasury Secretary Bessent was unable to identify the location of money flows related to a Venezuela deal during cross-examination.
Posted by The MeidasTouch Podcast, Checked
- Sources
- 2 support1 context
- Said
- 1 time·
- Confidence
- 70%
The MeidasTouch PodcastSep 15, 2026
Coverage of the September 15, 2026 House hearing reports Bessent saying he could not testify whether Venezuela-related cash flows reach US persons and could not identify the US bank holding the funds, which matches the claim's core assertion.
What was said
… We will suffer cataclysmic shortages. That's what's going to happen. And meanwhile, Donald Trump is out there saying, Look at my Venezuela deal. Look, I get to steal their resources. I get to steal their assets. Notably, when Treasury Secretary Bessent was cross-examined and we'll show you this later on about Venezuela, I can't tell you where the money is. The Treasury Secretary wouldn't answer where the money is, where the money flows are, right? You had a congressman ask, Well, Trump says that we brought in $13 billion. Who's the WE? Where is it? I can't answer that. I can't answer that. …
The MeidasTouch Podcast · · from the transcriptPost →What we found
Supports. Raw Story reports Bessent told Rep. Casten he could not testify whether Venezuela-related flows were reaching U.S. persons, answering 'No' when asked, and called the gap an admission the U.S. government isn't fully tracking.[2]
Supports. A hearing transcript records Bessent answering 'Uh, no' when asked whether he could identify where or what US bank the Venezuela funds were being held, and saying he had 'no knowledge' of certain cash flows reaching US persons or corporations.[3]
Context. Reuters reports that Bessent clashed with Democrats over Venezuela cash flows at the Capitol Hill hearing on September 15, 2026, but its summary does not detail his specific answers on tracing the money.[1]
Sources
3 sources: 1 fact-checker, 1 tier 3, 1 not rated
- 1Bessent hearing gets testy over Venezuela cash and bond ...reuters.com · fact-checker · cited for: context
- 2'Actually insane': Outrage after Scott Bessent's stunning Venezuela money admissionrawstory.com · tier 3 · cited for: supports
- 3SPARKS FLY: Casten CLASHES With Bessent Over Venezuela Moneyyoutube.com · not rated · cited for: supports
Where this claim was made
Said in 1 published post
Related claims
- Secretary Rubio stated that the audit of Venezuelan asset flows would include Qatari flows.True
- Treasury Secretary Scott Bessent managed a $4 billion fund that experienced 90% redemptions.Mixed
- Treasury Secretary Besant was cross-examined by members of Congress on September 15, 2026.True
- Scott Bessent has given DOGE access to the Treasury payment system.True
- Treasury Secretary Scott Bessent advised the Iranian people not to pay their taxes.True