In 1939, Hitler invaded Poland, marking the start of World War II and forcing the Treasury department to make a critical shift: protecting the homeland became a top priority.
Morgenthau used the T-Men to freeze Axis power assets, denying the country’s enemies the means to fund espionage and sabotage. He also had the same groups of now more experienced investigators who took down organized criminal groups and shifted their formidable skills to now hunt down Nazi money laundering.
Top T-Men gangster slayers applied their financial savvy on wartime collateral assignments such as overseeing the war bond program and procurement division.
Congress enacted successive tax rate increases – patriotically called “Taxes to Defeat the Axis” – to fund the war. Twenty years of the T-Men eradicating tax evasion and corruption made the tax system fit for duty.
As Franklin Delano Roosevelt told Irey in 1943: “Over the years the Intelligence Unit has not only become a shiny mark of incorruptibility, but also A-1 efficiency.”
Many T-Men also volunteered for military service bringing the Intelligence Unit to a skeleton crew. But criminals did not patriotically cease their felonious activities and under the cover of war, organized crime found new markets to exploit.
Attendee learning goals:
Paul Camacho is vice president of AML at Station Casinos and is a Former IRS-Criminal Investigations Special Agent
Prior to his retirement, Paul served as the Special Agent in Charge for the Las Vegas Field Office of Internal Revenue Service Criminal Investigation (IRS CI) directing investigations of all IRS CI special agents in Utah and Nevada.
Over the course of his career in IRS CI, he has overseen sophisticated financial crime investigations across the spectrum of financial crime. He is also on the board of directors of the Mob Museum in Las Vegas.
This webinar is eligible for 1 continuing education credits and/or CFCS credit. A recording of the presentation, slides, and certificate of participation will be available for ACFCS members only._1594467237962