The TARP Inspector General highlights in his report to Congress, the continued efforts to investigate waste, fraud and abuse in the financial institution rescue program
Category Archives: Troubled Asset Relief Program TARP Stimulus TALF Investigations and Crime
Subscribe to Troubled Asset Relief Program TARP Stimulus TALF Investigations and Crime RSS FeedFirst TARP Criminal Case Reaches Speedy Conclusion
Posted in Troubled Asset Relief Program TARP Stimulus TALF Investigations and CrimeLast month, we described how the Office of the Special Inspector General for the Troubled Asset Relief Program (TARP), SIGTARP, had 20 criminal investigations in progress and had announced the first charges to be brought relating to TARP. The first case involved Gordon Grigg, who was charged in the Middle District of Tennessee for defrauding… Continue Reading
Criminal Enforcement of the Troubled Asset Relief Program (TARP)-and the Term Asset-Backed Loan Securities Facility (TALF) program-Part II
Posted in Troubled Asset Relief Program TARP Stimulus TALF Investigations and CrimeWe have mentioned the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), one of the entities charged with oversight on how the eventual $700 billion in TARP funds disbursed to various banks and institutions are used. Special Inspector General (SIG) Neil Barofsky, the “TARP Cop,” issued a Quarterly Report to… Continue Reading
Criminal Enforcement of Troubled Asset Relief Program (TARP): Criminal Investigations and First Prosecution Already in Progress
Posted in Troubled Asset Relief Program TARP Stimulus TALF Investigations and CrimeThe Federal Government is spending billions on bailouts and stimulus in order to resuscitate the economy. This money, however, does not come without strings, both in the non-criminal and the criminal sphere. Following is a survey of the potential criminal consequences of misuse of monies issued by the Government under the Troubled Asset Relief Program… Continue Reading