Corporate Fraud Task Force

The Corporate Fraud Task Force was a United States Federal Government-wide task force formed by President George W. Bush in the wake of corporate accounting scandals that shook investor confidence. Task Force establishment occurred through delegated legislation with the issuance of Executive Order 13271 of July 9, 2002, ‘‘Establishment of the Corporate Fraud Task Force’’.

Contents


President Bush had remarked in the address announcing the creation of CFTF that...

‘‘We will use the full weight of the law to expose and root out corruption,’’ Bush said on July 9, 2002.‘‘My administration will do everything in our power to end the days of cooking the books, shading the truth and breaking our laws.’’ [1]

According to CNN at the time:

‘‘Bush's speech was designed in part to refute critics who have called him too cozy with Corporate America -- particularly Democrats who, in a congressional election year, seem unlikely to cut him much slack, especially after raising questions about his own past business dealings.’’
‘‘The speech, which the administration had been advertising for weeks in advance, came a day after the president held an impromptu news conference and was forced to defend his sale of stock in Harken Energy 12 years ago.’’

Membership

The following Department officials were standing members of the President's Corporate Fraud Task Force:

The following agency officials made up the membership in the interagency group also witnin the President's Corporate Fraud Task Force:

Termination

The Corporate Fraud Task Force was terminated on November 17, 2009 by President Barack Obama with the issuance of Executive Order 13519, entitled ‘‘Establishment of the Financial Fraud Enforcement Task Force’’.[2]

References

  1. ^ President Announces Tough New Enforcement Initiatives for Reform, George W. Bush, Press Release, 9 July 2002.
  2. ^ Attorney General Eric Holder Announcement, the Financial Fraud Enforcement Task Force Press Conference, 17 November 2009.

External links


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Securities fraud — Securities fraud, also known as stock fraud and investment fraud, is a practice in which investors make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. [… …   Wikipedia

  • Medicare fraud — In the United States, Medicare fraud is a general term that refers to an individual or corporation that seeks to collect Medicare health care reimbursement under false pretenses. There are many different types of Medicare fraud, all of which have …   Wikipedia

  • Computer fraud case studies — BackgroundThe purpose of this page is to explore case studies in using Information Technology to commit fraud. Computer fraud is the act of using a computer to commit fraud (A deception deliberately practiced in order to secure unfair or unlawful …   Wikipedia

  • Computer fraud — is the use of information technology to commit fraud. In the United States, computer fraud is specifically proscribed by the Computer Fraud and Abuse Act, which provides for jail time and fines. Contents 1 Notable incidents 2 See also 3 External… …   Wikipedia

  • Insurance fraud — Criminal law Part …   Wikipedia

  • Kevin V. Ryan — Infobox Person name = Kevin V. Ryan image size = 150px caption = birth name = birth date = 1957 birth place = Alberta, Canada death date = death place = death cause = education = Bachelor of Arts History, Dartmouth College. Juris Doctor from the… …   Wikipedia

  • United States Department of Justice Tax Division — Part of a series on Taxation Taxation in the United States …   Wikipedia

  • Thomas P. O’Brien — Infobox Governor name = Thomas P. O’Brien image size = 394px birth name = Thomas P. O’Brien birth date = unknown birth place = unknown ethnicity = unknown occupation = Government ; Law military = Naval Officer F 14 Tomcat Fighter salary =… …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.