The Financial Fraud Blog

The Troubled Asset Relief Program (TARP) is a government program that sought to purchase “troubled assets” in an attempt to stabilize the U.S. economy.

Since its inception in 2008, the program has grown to include banks, insurance companies, mutual fund and investment companies, and automakers and their related enterprises. The selection criteria is largely unknown, but likely involves some evaluation by the Treasury as to a company’s likelihood of survival, or what impact a company’s failure would have on the economy. There seems to be a high risk of fraud as the selection criteria are unclear, the goals of the program are vague, and federal oversight is limited.

If you have knowledge that a company or financial institution has fraudulently obtained TARP money, or used the money contrary to the rules and regulations, you may have a Qui Tam claim that would allow you to recoup money for the taxpayers, and a financial reward for your information. Contact Qui Tam Attorneys Berg & Androphy.