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WSJ: The Man Who Runs the IRS Spied on Colleagues When He Worked at JPMorgan

Bisignano denied the Journal report as JPMorgan executives allegedly said he used security staff to access rivals’ emails without a business reason.

  • The Wall Street Journal reported Monday that Internal Revenue Service CEO Frank Bisignano allegedly directed security staff to monitor rival executives' emails while at JPMorgan Chase.
  • People familiar with the matter said Bisignano used security software to access internal communications of colleagues, including Wells Fargo CEO Charlie Scharf, who planted a code phrase that Bisignano later repeated back.
  • Bisignano faces a class-action shareholder lawsuit in the Southern District of New York alleging misleading growth claims, while Fiserv shares declined 78% from their March 2025 peak through Tuesday.
  • "None of it's true," Bisignano told CNBC on Tuesday, adding that he and Scharf "had a good laugh" about the reports during a recent conversation.
  • As commissioner of the Social Security Administration, Bisignano also oversees a Trump-account savings vehicle and testified before the House Ways and Means Subcommittee on June 10 regarding his federal responsibilities.
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Wall Street Journal broke the news in New York, United States on Tuesday, July 21, 2026.
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