“[I]t is time to reaffirm the basic principles and rules that make capitalism work - truthful books and honest people, and well-enforced laws against fraud and corruption.”
- President George W. Bush, announcing
the formation of the President’s Corporate
Fraud Task Force on July 9, 2002

In 2002, President George W. Bush established a Presidential Corporate Fraud Task Force, of which IRS Commissioner Mark Everson, is a representative member for the Department of Treasury. The task force provides direction for investigating and prosecuting cases involving securities, accounting, mail, wire and tax fraud and money laundering. Most of the corporate fraud investigations are joint efforts involving many federal agencies.

For the IRS, corporate fraud encompasses violations of the Internal Revenue Code (IRC) and related statutes committed by large, publicly traded or private corporations, and/or by their senior executives.  The civil and criminal functions within the IRS Large and Mid-Size Business and Criminal Investigation functions work
aggressively to ensure compliance.  Today’s sophisticated corporate fraud schemes demand the analytical ability of financial investigators to wade through complex paper and computerized financial records.  Due to the increased automation of financial records, IRS special agents are trained to recover financial data that may have been encrypted, password protected, or hidden by other electronic means.

On July 9, 2004, the President’s Corporate Fraud Task Force celebrated its second anniversary with a strong record of successful accomplishments. IRS Criminal Investigation has recommended prosecution for 58 individuals or corporations.

For more information visit the IRS website at www.irs.gov, keyword: fraud. As the IRS continues to combat corporate fraud, anyone who is aware of corporate wrongdoing is encouraged to report suspected violations.

   
Criminal Investigation (CI)   
Tax Fraud Alerts