Tarp IG: Brace for Indictments in Probes

Terris, Harry
July 2009
American Banker;7/29/2009, Vol. 174 Issue 144, p16
Trade Publication
The article presents commentary from Neil Barofsky, special inspector general for the U.S. government's Troubled Asset Relief Program (TARP). Barofsky believes efforts by his staff to identify wrongdoing in the disbursement of $3 trillion of TARP funds will inevitably lead to indictments. Among other things, Barofsky's people are investigating whether banks fraudulently doctored records to qualify for TARP money.


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