74 Cases of Fraud At the Export-Import Bank

Since 2009 there have been at least 74 separate cases in which officials at the Export-Import Bank of the United States were subject to “integrity investigations.” A dozen other cases of fraud were referred to the Department of Justice for prosecution. The bank ostensibly provides loans to small businesses to sell their products overseas, however the largest loans have continually gone to large established companies like Boeing.

“Employees say that ethical conduct is not among Ex-Im’s strengths. Responding to a 2013 government survey, for example, only 42 percent of bank employees agreed with the statement ‘My organization’s leaders maintain high standards of honesty and integrity.’ Only half agreed they can disclose a suspected violation of any law, rule or regulation without fear of reprisal.”