Bailout fraud cases emerge -- baltimoresun.com: "In the first major disclosure of corruption and fraud in the $750 billion federal bailout program, investigators said Monday that they have opened 20 criminal probes into possible securities fraud, tax law violations, insider trading and mortgage modification fraud.
Neal Barofsky, the special inspector general overseeing the bailout program, said in an interview that the investigations are just the first wave of cases by his office. He expects the first criminal indictments to occur later this year."
No comments:
Post a Comment
Spamming will be removed.
Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.
Note: Only a member of this blog may post a comment.