Welcome to SIGTARP

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), a sophisticated, white-collar law enforcement agency, was established by Congress in 2008 to prevent fraud, waste, and abuse linked to the $700 billion Troubled Asset Relief Program (TARP).

A watchdog for American taxpayers, SIGTARP conducts criminal and civil investigations related to TARP, audits how TARP assets are managed, and recommends ways to improve the program.​

  • SIGTARP Investigative OutcomesSIGTARP Investigative Outcomes* – Criminal charges filed against 212 individuals, including 135 senior officers

    – Criminal convictions of 146 defendants, of whom 87 have been sentenced to prison (others are awaiting sentencing)

    – Civil charges filed against 66 individuals and 67 companies

    – Restitution orders entered for $4.2B, forfeiture orders for $241.6M, and civil and other judgments for $2.95B

    * As of 9/30/14
    [1] [2] [3] [4] [5] [6] [7]
  • Consumer Fraud Alert HAMP Mortgage Modification Scams – Beware of HAMP mortgage modification scams.

    – Mortgage modification scams have become all too prevalent, and SIGTARP has formed a taskforce to raise awareness of the scams.

    – An application to the federal Home Affordable Modification Program is free.

    – View tips to avoid mortgage mod scams
    [1] [2] [3] [4] [5] [6] [7]
  • Quarterly Report Quarterly Report Highlights*
    – $425.5 billion – Amount spent under TARP

    – $24.7 billion – Amount available to be spent under TARP

    – $37.3 billion – Amount still owed to taxpayers under TARP

    – $39 billion, $27 billion, $40.3 billion – Estimated cost of TARP as projected by OMB, CBO, and Treasury, respectively

    View the full report

    *As of 10/6/14
    [1] [2] [3] [4] [5] [6] [7]
  • Latest Audit/Evaluation Report Treasury Significantly Loosened Executive Pay Limits Resulting in Excessive Compensation for Top Employees at GM and Ally Financial








    – SIGTARP found Treasury significantly loosened executive pay limits, resulting in excessive pay for Top 25 employees at GM and Ally while the companies were not repaying TARP in full and taxpayers were suffering billions of dollars in losses.

    – View the full report

    [1] [2] [3] [4] [5] [6] [7]
  • Former Loan Officer at TARP Bank Pleads Guilty to Accepting a Gift for Procuring Loans Former Loan Officer at TARP Bank Pleads Guilty to Accepting a Gift for Procuring Loans
    –Peter Hayes, a former loan officer at TARP recipient Wilmington Trust, pleaded guilty to accepting a gift for procuring loans on behalf of a bank customer.

    – View this press release in its entirety

    [1] [2] [3] [4] [5] [6] [7]
  • Report TARP Abuse Report TARP Abuse To report fraud, waste, and abuse of taxpayer funds related to TARP, contact the SIGTARP Hotline!

    Phone: 1-877-SIG-2009 (1-877-744-2009)

    Report TARP abuse with our online submission form

    Whistleblower protections apply.
    [1] [2] [3] [4] [5] [6] [7]
  • Armed Services Fraud Alert HAMP Mortgage Modification Scams – Beware HAMP mortgage modification scams.

    – Mortgage modification scams have been found to specifically target members of the Armed Services community

    – An application to the federal Home Affordable Modification Program is free.

    – View tips to avoid scams

    – View resources for members of the Armed Services Community
    [1] [2] [3] [4] [5] [6] [7]
Subscribe to SIGTARP Press Releases Press Releases





More Press Releases...
Subscribe to SIGTARP Quarterly Reports Quarterly Reports

 More Quarterly Reports...
 
Subscribe to SIGTARP Audit and Eval. Reports Audit and Other Reports

More Audit and Other Reports...
Subscribe to SIGTARP Data SIGTARP: By The Numbers More Information

To view more SIGTARP statistics, click the left and right arrows that appear when hovering the mouse pointer over the graphs.

To view a larger version of any graph, click anywhere within the graph and a larger version will appear.

Connect With SIGTARP
Useful Links

Hotline separator
SIGTARP Hotline
Report fraud, waste, & abuse related to TARP

Phone: 1-877-SIG-2009
Report Online
Hotline separator
Consumer Fraud Alert

Beware of mortgage modification scams
View tips to avoid scams
View resources for members of the Armed Services

You are leaving the SIGTARP public Web site and going to a Web site that SIGTARP does not control and whose privacy policies may differ.

If you are not redirected within five seconds, you may follow this link to be redirected now.

You can also return to the SIGTARP site.