Name Title Victim Institution/Program Targeted Conviction Date Status
Michael Mendlowitz Chief Executive Officer, President; Commerce Payment Systems TD Bank, Chase Bank and Bank of America 05-23-2019 Convicted, sentencing pending.  Convicted of violating 18 U.S.C. § 1343 Wire Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud.
Richard D. Hart Salesman; Commerce Payment Systems TD Bank, Chase Bank and Bank of America 01-10-2019 Sentenced to 1 year and 1 day in prison.  Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States.
Daniel Carpenter Managing Director; Charter Oak Trust Lincoln National Corp 06-06-2016 Sentenced to 2 years 6 months in prison. Convicted of violating 18 U.S.C. § 1341 Mail Fraud; 18 U.S.C. § 1343 Wire Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud; 18 U.S.C. § 1956 Laundering of monetary instruments; 18 U.S.C. § 1956(h) Conspiracy to commit money laundering; 18 U.S.C. § 1957 Engaging in monetary transactions in property derived from unlawful activity.
Denise Bruce Owner; Madison Title Services JP Morgan Chase & Co.; Bank of America; Washington Mutual Bank; Fremont Investment & Loan; World Savings Bank; HSBC Mortgage Corporation; Emigrant Mortgage Company 05-25-2016 Sentenced to 2 years in prison. Convicted of violating 18 U.S.C. § 1344 Bank Fraud.
Jesus Fernando Montes Salesman; Greenfield Advisors Federal government through TARP 05-18-2016 Sentenced to 1 year 6 months in prison and ordered to pay $686,233 in joint and several restitution; $903,561 forfeiture. Convicted of violating 18 U.S.C. § 1349 Conspiracy to Commit Fraud.
Matthew Kleinsmith Operator; Park Capital Group LLC Integra Bank 10-21-2015 Sentenced to 5 years probation and ordered to pay restitution of $3,048,163. Convicted of violating 18 U.S.C. § 1343 Wire Fraud.
David Devers Operations Manager; Commerce Payment Systems TD Bank, Chase Bank and Bank of America 10-02-2015 Convicted, sentencing pending. Convicted of violating 18 U.S.C. § 1349 Conspiracy to Commit Fraud; 18 U.S.C. § 1343 Wire Fraud.
Grady Fricks No Title Federal government through TARP 05-29-2015 Sentenced to 1 year 6 months in prison and ordered to pay restitution of $736,000. Convicted of violating 18 U.S.C. § 1344 Bank Fraud.
Carla Lee Miller Escrow Agent; Escrow Professionals Federal government through TARP 04-02-2015 Sentenced to 8 months in prison and ordered to $51,800 restitution. Convicted of violating 18 U.S.C. § 1349 Conspiracy to Commit Fraud.
Xue Heu Owner; Greenfield Advisors Federal government through TARP 03-30-2015 Sentenced to 5 years 3 months in prison and ordered to pay $403,469 in restitution. Convicted of violating 18 U.S.C. § 1343 Wire Fraud.
Mark Steven Thompson Web Design; Greenfield Advisors Federal government through TARP 12-04-2014 Sentenced to 1 year 6 months in prison and ordered to pay $634,433 in joint and several restitution; $1,157,887 in forefitures, not including personal property. Convicted of violating 18 U.S.C. § 1343 Wire Fraud.
Thomas Dickey Price Escrow Agent; Escrow Professionals Federal government through TARP 09-11-2014 Sentenced to 1 year 6 months in prison and ordered to pay $686,233 in joint and several restitution. Convicted of violating 18 U.S.C. § 1349 Conspiracy to Commit Fraud.
Eduardo Garcia Sabag No Title Bank of America Corp. 08-11-2014 Sentenced to time served in prison. Convicted of violating 18 U.S.C. § 1005 False Bank entries, reports, and transactions.
Michael Ramdat No Title Wachovia Bank 02-26-2014 Sentenced to 1 year 9 months in prison and ordered to pay $421,300 in restitution. Convicted of violating 18 U.S.C. § 1343 Wire Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud.
Marvin Solis No Title Washington Mutual Bank 01-29-2014 Sentenced to 2 years 3 months in prison and ordered to pay restitution of $230,189. Convicted of violating 18 U.S.C. § 1343 Wire Fraud.
Joseph Edward Waesche IV Insurance Agent; Grist Mill Capital LLC Lincoln National Corp 12-09-2013 Sentenced to probation and ordered to pay $569,327 in restitution. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States.
Abraham Kirschenbaum Agent; Premium Finance Group LLC AIG (Subsidiary) 03-07-2013 Sentenced to 1 year 6 months in prison and ordered to forfeit $1,000,000. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States.
Maurice Kirschenbaum Agent; Premium Finance Group LLC AIG (Subsidiary) 03-07-2013 Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States. Justice Department deferred the sentencing phase, dismissing it without prejudice
Robert Wertheim Co-Owner; Premium Finance Group LLC AIG (Subsidiary) 02-26-2013 Sentenced to 1 year 6 months in prison and ordered to pay $7,500 fine. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States.
Julius C. Blackwelder Organizer; Friend's Investment Group Bank of America Corp. 02-20-2013 Sentenced to 3 years 10 months in prison. Convicted of violating 18 U.S.C. § 1343 Wire Fraud; 18 U.S.C. § 1957 Engaging in monetary transactions in property derived from unlawful activity. Ordered by the Connecticut Department of Banking to pay restitution of $430,553 and a fine of $300,000, and prohibited by the Department from violating state securities laws.
David Tamman Attorney Federal government through TARP 11-13-2012 Sentenced to 7 years in prison and ordered to pay fine of $2,500. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States; 18 U.S.C. § 1519 Falsification of Records; 18 U.S.C. § 1512 Tampering with a witness victim or an informant; 18 U.S.C. § 3 Accessory After the Fact. As a result of securities law violation charges by the SEC, a federal court prohibited further securities laws violations. Also banned from appearing or practicing before the SEC by the SEC.
John Farahi President; New Point Financial Federal government through TARP 06-07-2012 Sentenced to 10 years in prison and ordered to pay $24,366,617 in restitution. Convicted of violating 18 U.S.C. § 1341 Mail Fraud; 18 U.S.C. § 1014 Loan and credit applications generally, renewals and discounts; 15 U.S.C. § 77 Unregistered Offer and Sale of Securities; 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States. As a result of securities law violation charges by the SEC, a federal court prohibited further securities laws violations. Also prohibited from association with any broker or dealer by the SEC.
Robin Bruhjell Brass Owner; BBR Group LLC Federal government through TARP 04-25-2012 Sentenced to 8 years in prison. Convicted of violating 18 U.S.C. § 1341 Mail Fraud.
Elaheh Amouei Controller; New Point Financial Federal government through TARP 06-27-2011 Sentenced to 2 years probation. Convicted of violating 18 U.S.C. § 371 Conspiracy to commit offense or to defraud United States. As a result of securities law violation charges by the SEC, a federal court prohibited further securities laws violations.
Karl Rodney Owner, President; Carib News Inc Federal government through TARP 04-14-2011 Sentenced to 2 years probation and ordered to pay $2,500 fine. Convicted of violating 18 U.S.C. § 1001 Statements or entries generally.
Bernard McGarry Chief Operating Officer; Mt. Vernon Money Center Bank of America Corp; U.S. Bank National Association; Webster Bank; WSFS Financial Corporation 10-13-2010 Sentenced to 6 years in prison and ordered to pay $85,151,890 in joint and several restitution; $70,000,000 forfeiture. Convicted of violating 18 U.S.C. § 1344 Bank Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud.
Robert Egan President; Mount Vernon Money Center Bank of America Corp; U.S. Bank National Association; Webster Bank; WSFS Financial Corporation 09-15-2010 Sentenced to 11 years in prison and ordered to pay $85,151,890 in joint and several restitution; $70,000,000 forfeiture. Convicted of violating 18 U.S.C. § 1344 Bank Fraud; 18 U.S.C. § 1349 Conspiracy to Commit Fraud.
Gordon Grigg Owner; ProTrust Management Inc. Federal government through TARP 04-29-2009 Sentenced to 10 years in prison. Convicted of violating 18 U.S.C. § 1341 Mail Fraud; 18 U.S.C. § 1343 Wire Fraud. Banned from association with any investment adviser by the SEC.
Alain Mazaud Insurance Agent Defrauded insurance carriers that were TARP recipients The Justice Department entered a non-prosecution for violating 18 U.S.C. § 1343 Wire Fraud, which obligated the defendant to pay $334,000.
Vincent Passananti CEO, President; Meridien Financial Group Defrauded insurance carriers that were TARP recipients The Justice Department entered a non-prosecution for violating 18 U.S.C. § 1341 Mail Fraud, which obligated the defendant to pay $400,000.
Craig Stack Owner; The Stack Group Defrauded insurance carriers that were TARP recipients The Justice Department entered a non-prosecution for violating 18 U.S.C. § 1341 Mail Fraud, which obligated the defendant to pay $120,000.
Larry Brian a/k/a Larry Brian Schweiger Insurance Broker Defrauded insurance carriers that were TARP recipients The Justice Department entered a non-prosecution for violating 18 U.S.C. § 1341 Mail Fraud, which obligated the defendant to pay $200,000.


1 -- The criminal convictions, civil judgments, and enforcement actions in the database occurred as result of SIGTARP investigations. Criminal defendants were prosecuted by the Justice Department and, in a small number of cases, state attorney generals. Civil judgments and enforcement actions were brought by the Justice Department, federal and state regulatory agencies, and state attorney generals based on wrongdoing investigated by SIGTARP.


2 -- Information is drawn from multiple sources, including federal and state judiciary case management, and electronic case files; civil enforcement filings; court-ordered monitors' reports; and other law enforcement agency press releases. As of September 30, 2019.


3 -- SIGTARP investigates violations of the law by insiders or outsiders at public financial institutions where Treasury became a securities investor in exchange for a TARP capital investment. We investigate violations of the law by any participant in a TARP program, including for example, those involved in mortgage-backed securities markets. We previously investigated illegal activity by insiders of financial institutions who unsuccessfully sought Treasury's investment through TARP.


4 -- Applied for but did not receive TARP funds.