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 Outcomes* – Criminal charges filed against 91 individuals, including 64 senior officers

– Criminal convictions of 67 defendants, of whom 28 have been sentenced to prison (others are awaiting sentencing)

– Civil charges filed against 51 individuals and 26 companies

– Restitution orders entered for $3.7B, forfeiture orders for $126.9M, and civil judgments for $287.9M

* As of 7/12/12 [1] [2] [3] [4] [5] [6] [7]
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 Highlights*
– $416.1 billion – Amount spent under TARP

– $45.8 billion – Amount available to be spent under TARP

– $109.1 billion – Amount still owed to taxpayers under TARP

– $68 billion, $32 billion, $70 billion – Estimated cost of TARP as projected by OMB, CBO, and Treasury, respectively

– View the full report

*As of 6/30/12 [1] [2] [3] [4] [5] [6] [7]
AIG Remains in TARP as TARP's Largest Investment

– AIG is the single largest TARP investment; Treasury holds 61% of AIG common stock.

– Taxpayers are still owed more than half of the original $67.8B TARP investment.

– For more than two years, AIG has had no consolidated banking regulator of its non-insurance financial business.

– View the full report

[1] [2] [3] [4] [5] [6] [7]
Task Force Reveals Results of Distressed Homeowner Initiative
– The Financial Fraud Enforcement Task Force, of which SIGTARP is a member, announced the results of the year-long Distressed Homeowner Initiative, an effort focused on combatting crimes against struggling homeowners.

– 530 criminal defendants have been charged in cases involving more than 73,000 homeowner victims and estimated victim losses of more than $1 billion.

– View this press release in its entirety

[1] [2] [3] [4] [5] [6] [7]
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]
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]