Posts Tagged ‘TARP’
Fraud Friday — The Three Warning Signs of Bank Fraud
July 31, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — The Three Warning Signs of Bank Fraud Christmas has come early for you fraud junkies. SIGTARP has issued her 584 page quarterly status report to Congress. Some like to binge Netflix’s releases — some, like me, love to binge read this fraud stuff.…
Read MoreFraud Friday — SIGTARP Files False Claims Act Clawback from the Grave
July 17, 2015 By Bob Coleman Editor, Fraud Friday In the same week former Attorney General Eric Holder told the Financial Times that record fines on banks were a better solution than “trying to make examples out of people,” TARP’s Special Inspector General continues to indict community bankers from failed institutions from the Great Recession.…
Read MoreFraud Friday: Two Community Bankers and Two Borrowers Indicted for Bank Fraud
April 11, 2014 By Bob Coleman Editor, Coleman Report In 2009, A Northern California real estate developer defaulted on $30 million of loans, one of the causes for the failure of Charter Oak Bank. When the FDIC sold the loan, the developer found a straw buyer for the purchase of his property. Sonoma Valley Bank…
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