A Kentucky man has pleaded guilty for his role in a massive tax scheme and for bribing executives at a Troubled Asset Relief Program (TARP) applicant bank, according to an announcement from Christy Romero, Special Inspector General for TARP (SIGTARP).
Read More »Treasury Recovers Another $22 Million in TARP Investments
The U.S. Department of Treasury announced that is recovered $22 million for taxpayers through the sale of First BanCorp common stock earlier this week, and that it planned to sell additional stock in the San Juan, Puerto Rico-based bank.
Read More »Delaware Man Sentenced to Two Years in Prison for Defrauding TARP Recipient Bank
A Delaware man has been sentenced to two years in federal prison for his role in a fraud and money laundering scheme involving a bank that was a recipient of funds from the Troubled Asset Relief Program (TARP), according to an announcement by the Special Inspector General for the TARP (SIGTARP) and U.S. Attorney General for Delaware Charles M. Oberly III.
Read More »Treasury Nets $35 Million In Securities Auction as Part of TARP Wind Down
As part of a continuing effort to wind down the government's Troubled Asset Relief Program (TARP) to bail out banks devastated by the financial crisis of six years ago, the U.S. Department of Treasury recently auctioned off preferred stocks for three institutions, gaining $35.6 million in aggregate gross proceeds.
Read More »Treasury to Auction Preferred Stock As Part of Effort to Wind Down TARP
The U.S. Department of Treasury has announced its intention to sell some of its preferred Capital Purchase Program (CPP) investments as part of the government's strategy to wind down the Troubled Asset Relief Program (TARP) and recover remaining CPP investments.
Read More »SIGTARP Announces Prosecution of Four Individuals on Fraud Charges
The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has announced the prosecution of four individuals in three separate cases on fraud-related charges against banks that were TARP recipients.
Read More »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.
Read More »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.
Read More »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.
Read More »Former Bank Exec Pleads Guilty to Defrauding Investors, Regulators
A former bank executive pleaded guilty last week to charges of defrauding regulators and his bank's investors, Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and other investigators announced recently.
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