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Tag Archives: Fraud

SIGTARP Investigations, Audit Teams Receive Awards for Excellence

The investigations team and the audit team of the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), in conjunction with federal partners, were recognized for excellence by the Council of the Inspectors General on Integrity and Efficiency (CIGIE), SIGTARP recently announced.

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Former Alabama Bank Manager Sentenced for Fraud

A former branch manager of an Alabama bank that received assistance through the government's Troubled Asset Relief Program (TARP) was sentenced after pleading guilty to fraud, Special Inspector General for TARP (SIGTARP) announced recently.

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Colorado Men Sentenced for Role in TARP Fraud

Two Colorado men were sentenced to federal prison time and ordered to pay more than $1 million each in restitution for their roles in scheme to defraud a Colorado bank that was a recipient of Troubled Asset Relief Program (TARP) funds, the Special Inspector General for TARP (SIGTARP), Christy Romero, and U.S. Attorney for the District of Colorado John Walsh announced recently.

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Kansas Man Sentenced for HAMP Fraud

A Mexican national living in Wichita, Kansas, was sentenced for fraudulently obtaining a mortgage modification loan through the Home Affordable Modification Program (HAMP), which is funded by the government's Troubled Asset Relief Program (TARP), Special Inspector General for TARP (SIGTARP) Christy Romero announced recently.

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Alleged Real Estate Fraud Leads to New York Man’s Indictment

According to SIGTARP, Zherka secured the loans for the purchase and refinance of apartment complexes across the country, lying all the while about the purchase prices of the real estate, the amount of the down payments he was making, and his assets, income, and tax returns. He also misrepresented the circumstances of a court judgment made against him in 2000 for assault and breach of contract, the special inspector general's office said.

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Father, Son Indicted on TARP Fraud Charges

Two Kansas men were indicted on multiple charges of defrauding a bank that was receiving government assistance out of more than $877,000, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy Romero and U.S. Attorney for the District of Kansas Barry Grissom announced recently.

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Valuation Fraud Risk Jumps in First Quarter

Risk of fraud in property valuations spiked in the first quarter, according to a report released Wednesday by risk analytics firm Interthinx. Analysts for Interthinx attribute the increase in valuation fraud risk to a rise in buyers purchasing and listing multiple properties in the same neighborhood.

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