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The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) is a federal law enforcement agency that targets financial institution crime and is an independent watchdog protecting taxpayer dollars

2016 Fourth Quarter Report Issued

Report Cover 

Features:
  • A proposal to bring accountability to the insulated CEO (p. 2)
  • In HAMP, taxpayers remain on the hook for billions to be paid to servicers with poor track records (p. 77)
  • $8.2 million in waste and abuse found in the Nevada Hardest Hit Fund    (p. 45)

Bringing Accountability to the Insulated CEO

Goldsmith Romero Interview

Executives from medium and small banks have been successfully prosecuted and sentenced to prison for committing crimes. But not big bank executives, who are purposely insulated from knowing about wrongdoing. Special Inspector General Goldsmith Romero proposes a crime and fraud certification to help fix that problem.

Goldsmith Romero Interview

Special Inspector General Goldsmith Romero speaks with CNBC about the proposal

Banks Image

The New York Times profiles SIGTARP's success investigating medium and small banks

Press

Former GulfSouth Private Bank President & Vice President Charged in Bank Fraud Scheme

The indictment alleges that the bank officers devised a scheme to conceal that GulfSouth Private Bank had mortgage loans in default. GulfSouth received $7.5 Million in TARP funds, which were lost when the bank failed.

SIGTARP by the Numbers

Bankers charged with a crime or civil fraud 
 
* As of December 22, 2016
 

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