No. That is an incomplete recounting of those events.
The FBI were created by progressives. Progressives are liars. Ergo, the FBI are liars. What else would anybody else expect? Give this FBI page a try. Note the line I underlined, red:
President Theodore Roosevelt Takes ActionPresident Theodore Roosevelt, in his characteristic dynamic fashion, asserted that the plunderers of the public domain would be prosecuted and brought to justice.
The story has been related, and it is believed to be in substance true and correct, that President Theodore Roosevelt called Attorney General Charles J. Bonaparte to the White House and told him that he desired that the land frauds be prosecuted vigorously, and directed that he obtain the necessary investigative personnel to handle the matter in an expeditious and thorough manner. It was reported that Attorney General Charles J. Bonaparte applied to the United States Secret Service for trained personnel to make the proper and necessary investigation, and was assigned quite a force of men, who were sent out to conduct investigations. In due course a lengthy report was submitted, which was presented to Mr. Bonaparte, and by Mr. Bonaparte to President Thedore Roosevelt. The report was examined and certain features were discussed at length. President Roosevelt then told Mr. Bonaparte that this report did not contain the true facts as he knew them, and he directed that the Attorney General send the same men or a new crew of men to reopen the investigation and obtain the real facts.
A new investigation was undertaken. Some of the men who were on the first assignment and some new investigators were added. They went into the field and were gone several months, at which time they returned and submitted a lengthy report to Mr. Bonaparte. This report was taken by Mr. Bonaparte to the White House, where it was discussed with President Theodore Roosevelt. It was reported at the time that after the President had fully considered the report, he told Mr. Bonaparte in most emphatic language characteristic of President Roosevelt that the report was a whitewash, that it was covering up the real facts, and that he wanted the facts, all the facts, and the true facts, and if there was any whitewashing done he would do it himself.
It was further asserted that President Roosevelt directed Bonaparte to create an investigative service within the Department of Justice subject to no other department or bureau, which would report to no one except the Attorney General. It is considered thoroughly reliable that this was the incident which resulted in the formation of the Bureau of Investigation of the United States Department of Justice.
It was reported that Bonaparte began immediately to make plans to create such a force. It is also a well known that at least one United States Senator (Senator Mitchell of Oregon) and possible two, and two or more Congressmen and a number of private citizens were convicted in these land fraud cases. The exact date of the convictions are unknown to Agent.
Formation of Investigative Force in the Department
It appears that on July 26, 1908, nine Secret Service employees of the Treasury Department were appointed Special Agents of the Department of Justice. These, together, with thirteen investigators who had been employed on peonage and land fraud, and twelve examiners provided for by statute, constituted the organization of the Bureau of Investigation of the Department of Justice. By an order of the Attorney General they were to be under the Chief Examiner in the Department of Justice.
The FBI is all Theodore Roosevelt's.
He owns it.
The FBI harasses Donald Trump. Teddy owns that too. The FBI simply should not exist, it is blatantly unconstitutional.
Right: It was not from Roosevelt, it was because Congress forbade continued use of Secret Service investigators, and it did not have the name "Bureau of Investigation".
It was simply a minor reshuffling of existing DOJ investigators.
Everything else came later, beginning in 1909 under Pres. Taft.