Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition

Items Tagged with 'TARP'


Bank CEO banned for buying condo with TARP money

Used $381,487 to buy himself a condo in Florida
April 17, 2014
According to the Federal Reserve Board, former bank CEO Darryl Woods took $381,487.45 of TARP funds to purchase a condo for himself in Fort Meyers, Fla.
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TARP creator: You can't just let all banks fail (even though you want to)

Neel Kashkari, yes Neel Kashkari, is running for California governor
March 31, 2014
The mastermind behind the Troubled Asset Relief Program, Neel Kashkari, is attempting to step into a new role and is running in the 2014 election for California governor. And while there are mixed attitudes about TARP, Kashkari sees it as a sign he can help run the Golden State.
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Fraudulent mortgage modifier sentenced to nine years in federal prison

Dangled TARP dollars, then defrauded hundreds of homeowners
March 21, 2014
Isaak Khafizov, 27, was sentenced to nine years in federal prison for operating a fraudulent mortgage modification operation that defrauded hundreds of struggling homeowners out of more than half a million dollars.
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SEC charges Jefferies with failure to control rogue bond traders

Company will pay $25 million minimum
March 12, 2014
Jefferies agrees to pay $25 million to settle the SEC's charges, as well as a parallel action announced today by the U.S. Attorney's Office for the District of Connecticut. And that's just the beginning.
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Former Jefferies trader to face trial by jury

Jesse Litvak charged with defrauding TARP
February 19, 2014
Litvak faces 20 years in prison for allegedly misrepresenting the pricing of mortgage-backed securities. His attorney said his behavior is merely the reflection of the Jefferies sales culture.
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WaMu manager admits to taking bribes

All part of a $12 million debt fraud scheme
January 16, 2014
"While the nation struggled through the financial crisis, rather than collect the debts of banks, executives at Oxford ripped-off TARP recipients and Washington Mutual in a $12 million debt fraud scheme, and Gesimondo shared in their spoils," said Christy Romero, Special Inspector General for TAR.
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California man sentenced to jail in foreclosure rescue scam

Defendant filed bogus bankruptcies to delay the process
December 6, 2013
SIGTARP announced the sentencing of a California man who is accused of launching a bogus foreclosure rescue scheme. The scam eventually impacted TARP banks, prompting an investigation.
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Monday Morning Cup of Coffee: Kansas fights mortgage fee, NJ closes foreclosure program

December 2, 2013
States across the nation continue dealing with ongoing housing issues. While New Jersey has almost dried up its foreclosure prevention money supply, Kansas is fighting an unpopular mortgage-related tax.
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SIGTARP's reach is long; its sentencing guidelines, sharp

Even smaller banks and their employees face scrutiny
November 25, 2013
Investigations run by the Special Inspector General for the Troubled Asset Relief Program prove that no matter how small a bank — or a bank employee is — they are not safe from criminal prosecution if TARP-related bailout funds are misused in any shape or form.
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TARP bank exec charged with bank fraud

Official also charged with money laundering to pay off personal finances
November 13, 2013
"TARP was designed to provide support to our nation’s banks and financial system during a time of crisis, not to provide a personal bailout for bank insiders to support their spending habits," says Special Inspector General for TARP Christy Romero.
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