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The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) is a federal law enforcement agency and an independent audit watchdog that targets financial institution crime and other fraud, waste, and abuse related to TARP.


SIGTARP Launches Financial Institution Crimes & Fines Database

Report Cover 

The Financial Institution Crimes & Fines Database lists the hundreds of defendants that have been convicted of a crime or received a fine for violations of civil laws as a result of investigations by SIGTARP. It also includes the dozens of corporate enforcement actions brought as a result of SIGTARP investigations.

To broaden the database's impact, Special Inspector General Goldsmith Romero proposes the creation of a national Financial Fraud Registry that records all crimes and fines related to financial fraud.

Press

Former President of Cecil Bank Facing Federal Indictment for a Bank Fraud Conspiracy, Receiving a Bribe, and Making False Statements in Bank Records and to Bank Examiners

According to the six-count indictment, Mary Halsey, former President and Chief Executive Officer of Cecil Bank, conspired to defraud Cecil Bank and another bank to purchase a home through false pretenses, representations and promises.


Two Blight Elimination Program Indictments Unsealed

In separate cases, two demolition contractors have been charged with with theft from a local government receiving federal funds.

SIGTARP Investigations By the Numbers


SIGTARP By The Numbers Infographic

Financial Institution Enforcement Infographic

Countering the Ongoing and Evolving Threat of Financial Institution Fraud

The 2008 financial crisis laid bare one of nation's vulnerabilities: financial institution fraud. As recent scandals show, this type of fraud does not go away: it evolves and grows more harmful over time - weakening our financial institutions from the inside. To fix this problem, Special Inspector General Goldsmith Romero proposes the creation of a permanent law enforcement office with a narrow mandate to investigate financial institution fraud.

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

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