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.…

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Fraud 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.…

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Fraud Friday — SIGTARP Sends its 100th Banking/Borrower Criminal to Prison

June 5, 2015 By Bob Coleman Editor, Fraud Friday “100 defendants have gone to jail for crime related to the government’s response to the financial crisis known as TARP—the defendants’ crimes were serious and so were SIGTARP’s efforts to stop them,” says Christy Romero, Special Inspector General for TARP (SIGTARP). “100 times, SIGTARP held defendants…

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Fraud Friday — SIGTARP’s Scorecard — 222 Indicted on Fraud Charges to Date

February 6, 2015 By Bob Coleman Editor, Coleman Report When Congress bailed out the banking system with its Troubled Asset Relief Program, it allocated funds for a Special Inspector General. Six years later, the investigation continues to snare primarily community bankers and their borrowers on multiple counts of fraud charges. As of December 31, 2014,…

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Fraud Friday – Another Wilmington Trust Banker Indicted

July 18, 2014 By Bob Coleman Editor, Coleman Report Peter Hayes joins fellow Wilmington Trust alums caught in the crosshairs of SIGTARP prosecutions. SIGTARP’s (Special Inspector General for the Troubled Asset Relief Program) specialty is to jail community bankers who’s malfeasance contributed to loan losses to their institution, thus creating TARP investment losses. The 48…

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