Corporate Fraud Task Force - AbsoluteAstronomy.com

The Corporate Fraud Task Force was a United States Federal Government-wide task force

Task force

A task force is a unit or formation established to work on a single defined task or activity. Originally introduced by the United States Navy, the term has now caught on for general usage and is a standard part of NATO terminology...

formed by President George W. Bush

George W. Bush

George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

in the wake of corporate accounting scandals

Accounting scandals

Accounting scandals, or corporate accounting scandals, are political and business scandals which arise with the disclosure of misdeeds by trusted executives of large public corporations...

that shook investor confidence. Task Force establishment occurred through delegated legislation

Delegated legislation

In the United Kingdom, delegated legislation is legislation or law that is passed otherwise than in an Act of Parliament . Instead, an enabling Act confers a power to make delegated legislation on a Government Minister or another person or body...

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...

‘‘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.’’

According to CNN

CNN

Cable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...

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

Harken Energy

HKN, Inc., formerly known as Harken Energy Corporation, is a small American oil and gas production company, with ownership interests in other production companies. The company is headquartered in Southlake, Texas, near Fort Worth. There is a second office near Dallas, in the town of Paris. The...

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’’.

External links

USDOJ: DAG: Corporate Fraud Task Force, US Department of Justice, Deputy Attorney General
Executive Order 13271 of July 9, 2002, Establishment of the Corporate Fraud Task Force; archived at DOJ: DAG; CFTF.

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