Full Breakdown
IRS Chief Frank Bisignano Denies Decade-Old JPMorgan Surveillance Claims
7/21/2026, 9:39:22 PM
Alleged JPMorgan Surveillance
A Wall Street Journal report says that while serving as co-chief operating officer of JPMorgan Chase, Frank Bisignano directed the bank’s security team to run software that accessed the email inboxes of rival executives. The alleged targets included Charlie Scharf, then head of consumer banking at JPMorgan and now chief executive of Wells Fargo. The Daily Beast added that former colleagues claim Bisignano also ordered keystroke tracking and obtained a confidential Federal Energy Regulatory Commission complaint about a derivatives trade. The reports cite unnamed former employees and internal forensic findings as their source.
Bisignano’s Denial and Current Role
Bisignano told a CNBC interview that “None of it’s true,” characterizing the Wall Street Journal story as politically motivated. He reiterated the denial in a later appearance, noting that JPMorgan has rejected the allegations and that the article relies on anonymous sources. Bisignano currently serves as chief executive officer of the Internal Revenue Service and as head of the Social Security Administration, positions he assumed after Senate confirmation in May 2025 and a Treasury appointment in October 2025. He appeared before the House Ways and Means Subcommittee on Social Security on June 10, 2026 to address the matter.
Background and Career Path
- Co-COO, JPMorgan Chase (tenure ending 2013)
- CEO, First Data (2013-2015) – later merged with Fiserv
- Executive, Fiserv (until 2025)
- Commissioner, Social Security Administration (confirmed May 2025)
- CEO, Internal Revenue Service (appointed October 2025)
Verbatim Quotes
- “Charlie called me last night. We had a good laugh about it,” — Frank Bisignano, revenue service CEO
