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’’.
President Bush had remarked in the address announcing the creation of CFTF that...
According to CNN at the time:
The following Department officials were standing members of the President's Corporate Fraud Task Force:
Director of the Federal Bureau of Investigation
Assistant Attorney General Criminal Division
Assistant Attorney General Tax Division
United States Attorney for the Central District of California
United States Attorney for the Northern District of California
United States Attorney for the Northern District of Illinois
United States Attorney for the Eastern District of New York
United States Attorney for the Southern District of New York
United States Attorney for the Eastern District of Pennsylvania
United States Attorney for the Southern District of Texas
The following agency officials made up the membership in the interagency group also within the President's Corporate Fraud Task Force:
The Secretary of Labor
The Department of Housing and Urban Development
The Secretary of the Treasury
The Comptroller of the Currency
The Director of Office of Thrift Supervision
The Special Inspector General for the Troubled Asset Relief Program (TARP)
The Chairman of the Commodities Futures Trading Commission
The Chairman of the Federal Communications Commission
The Chairman of the Federal Energy Regulatory Commission
The Chairman of the Securities and Exchange Commission
The Chairman of the Federal Reserve Board
The Chief Inspector of the United States Postal Inspection Service
The Director of the Federal Housing Finance Agency
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’’.
