TARP Watchdog Expects More Criminal Cases Over Bailout

Law360, New York (April 28, 2011, 1:11 PM EDT) -- The watchdog ensuring that the government's Troubled Asset Relief Program isn't overrun by fraudsters predicted Thursday there would be many future prosecutions against those who sought to take advantage of the multibillion-dollar federal program. 

The Office of the Special Inspector General for the Troubled Asset Relief program, known as SIGTARP, made the prediction in a 541-page quarterly report to Congress.

"SIGTARP’s investigative activities will increasingly become public with the filing of charges against more and more criminals," the watchdog said, in an ominous-sounding prediction of major...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.