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Former Vice President at Two TARP Banks Sentenced to 78 Months in Federal Prison for Fraud and Identity Theft

A former TARP banker was sentenced to 78 months in prison today for a fraud and identity theft scheme that caused more than $3.2 million in losses.

Press Releases

Former Vice President at Two TARP Banks Sentenced to 78 Months in Federal Prison for Fraud and Identity Theft
- Press Release (November 17, 2017)
RBS Agrees to Pay $35 Million Penalty Related to Securities Fraud Scheme
- Press Release (October 26, 2017)
Man Charged with Theft from Government for Defrauding a TARP Bank
- Press Release (October 25, 2017)
SIGTARP Receives Award of Excellence for Oversight of the Hardest Hit Fund in Nevada
- Press Release (October 19, 2017)
Conspirator Sentenced to 30 Months in Federal Prison for Wire Fraud
- Press Release (October 13, 2017)
Mismanagement of the Hardest Hit Fund in Georgia
- Press Release (October 13, 2017)
Final Defendent Sentenced in Pierce Commercial Mortgage Fraud Investigation
- Press Release (September 25, 2017)
State Housing Agencies Charged $3 Million in Unnecessary Expenses to the Hardest Hit Fund
- Press Release (August 25, 2017)
Former Vice President at Two TARP Banks Guilty of Identity Theft and Fraud
- Press Release (August 17, 2017)
Banker Sentenced to Prison for Fraud Scheme at Bank Where TARP Suffered Tens of Millions in Losses
- Press Release (August 1, 2017)
Fraudsters Sentenced to Federal Prison for Operating Nationwide Home Mortgage Scam
- Press Release (July 19, 2017)
Former President of Failed TARP Bank Sentenced to Prison for Bank Fraud Scheme
- Press Release (June 29, 2017)
Former Nomura RMBS Trader Convicted of Fraud Conspiracy
- Press Release (June 15, 2017)
Former RMBS Trader Sentenced to 2 Years in Prison, Fined $2 Million, for Securities Fraud
- Press Release (April 26, 2017)
Former Tennessee Commerce Bank Executive Pleads Guilty to Deceiving Federal Regulators
- Press Release (April 24, 2017)
Fraudsters Convicted of Operating Nationwide Mortgage Scam
- Press Release (April 21, 2017)
Conspirator of TARP Bank Officer Admits Scheme to Defraud Movie Finance Company
- Press Release (March 31, 2017)
Multiple Individuals Charged in Sweeping Mortgage Fraud Conspiracy
- Press Release (March 24, 2017)
Former Bank Officers and Borrower Convicted in Bank Fraud Scheme
- Press Release (March 13, 2017)
Defendant in Multi-Million Dollar Scheme to Deceive Homeowners into Selling Their Homes Extradited From Ukraine
- Press Release (March 10, 2017)
Long Island Man Sentenced To 15 Years In Prison For Defrauding Homeowners In Loan Modification Scheme
- Press Release (March 7, 2017)
Former Tennessee Commerce Bank Executive Charged with Deceiving Federal Regulators
- Press Release (February 7, 2017)
Former RMBS Trader Convicted of Securities Fraud after Retrial
- Press Release (January 27, 2017)
Former NOVA Bank Chairman Sentenced to 11 Months in Prison
- Press Release (January 23, 2017)
Most People Denied Hardest Hit Fund Assistance Earned Less Than $30,000
- Press Release (January 11, 2017)
Former Gulfsouth Private Bank President & Vice President Charged in Bank Fraud Scheme
- Press Release (December 16, 2016)
Indictment Charges Former Cantor Fitzgerald RMBS Trader with Securities Fraud
- Press Release (December 9, 2016)
Ally Financial Agrees to pay $52 Million to Resolve Investigation into Improper Conduct Related to Issuance of Mortgage-Backed Securities
- Press Release (November 21, 2016)
Former NOVA Bank president and chief executive officer Brian Hartline sentenced to 14 months in federal prison
- Press Statement (November 14, 2016)
- Press Release (November 14, 2016)
Board Members of TARP Recipient Premier Bank Sentenced in Criminal Fraud Scheme
- Press Release (November 1, 2016)
Bank Loan Officer Who Demanded Kickbacks as Part of Multi-Million Mortgage Fraud Scheme Sentenced to Federal Prison
- Press Release (October 26, 2016)
SIGTARP Recieves Excellence Award for Investigation into GM's Deadly Ignition Switch Defect
- Press Release (October 21, 2016)
Judge Sentences Dionysius Fiumano, Ringleader of Massive Mortgage Modification Scheme, to 16 Years in Federal Prison
- Press Statement (September 15, 2016)
Former Vice President of Wholesale Company Sentenced to more than Five Years in Prison for Role in $9 Million Bank Fraud Scheme
- Press Release (August 17, 2016)
More Than 100 Bankers Investigated by SIGTARP Have Been Charged with Committing Crime or Civil Fraud
- Press Release (August 9, 2016)
Ringleader of Mortgage Loan Modification Scheme Sentenced to More Than 9 Years in Prison
- Press Release (July 18, 2016)
Banker Charged with Conspiring to Defraud TARP Bank of Millions of Dollars
- Press Statement (May 13, 2016)
CA Man Found Guilty of Orchestrating $31M Mortgage Mod Fraud Scheme with Over 30K Victims Nationwide
- Press Release (May 4, 2016)
Two Men Indicted in Scheme to Defraud Lender
- Press Release (April 28, 2016)
Jury Delivers Guilty Verdicts in Fraud Scheme to Get Bailout Funds
- Press Statement (April 27, 2016)
- Press Release (April 27, 2016)
Banker Shaun Hayes and Real Estate Developer Michael Litz Indicted on Bank Fraud Charges
- Press Release (April 15, 2016)
Goldman Sachs Agrees to Pay More Than $5 Billion in Connection with its Sale of Residential Mortgage Backed Securities
- Press Release (April 11, 2016)
California Wholesale Executive Pleads Guilty for Role in $9 Million Bank Fraud Scheme
- Press Release (March 31, 2016)
Five CA Residents Plead Guilty to Defrauding Homeowners in Nationwide Home Loan Modification Scam
- Press Release (March 30, 2016)
Delaware Real Estate Developer Pleads Guilty to Bank Fraud and Environmental Violation
- Press Release (March 28, 2016)
SIGTARP Statement on Sentencing of TierOne Bank Execs, James Laphen and Don Langford
- Press Statement (March 24, 2016)
Former CEO of $3 Billion TierOne Bank Sentenced to 11 Years in Prison
- Press Statement (March 23, 2016)
- Press Release (March 23, 2016)
Ringleader of Mortgage Loan Modification Scheme Pleads Guilty
- Press Release (March 22, 2016)
Former TARP Bank CEO and President Sentenced to 84 Months in Federal Prison and Ordered to Pay $3.9M Restitution
- Press Release (February 25, 2016)
Recruiter in Multi-Million Dollar Mortgage Fraud Scheme Sentenced to Prison
- Press Release (February 24, 2016)
Morgan Stanley Agress to $2.6 Billion RMBS Penalty
- Press Release (February 12, 2016)
SEC Announces Fraud Charges Against 11 Bank Officers and Directors from Superior Bank and Superior Bancorp, Inc.
- Press Release (January 14, 2016)
Former Beverly Hills Bank Exec Charged in Loan Fraud that Resulted in $33 Million in Losses and Contributed to Bank Failure
- Press Release (January 13, 2016)
First TARP Recipient Institution Indicted
- Press Release (January 6, 2016)

More Press Releases and Statements...