What is TARP Fraud?


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Congress passed the Troubled Assets Relief Program (TARP) as a stimulus measure to help re-invigorate the economy. The federal government has now pledged $3 trillion toward stabilizing financial companies, rescuing domestic automakers, and helping banks, financial institutions, and other mortgage-related companies to shed troublesome securities. Unfortunately, mass non-compliance with stimulus program obligations already shows that the Government needs whistleblowers now more than ever to recover misspent public dollars.

TARP’s hasty launch has the Government bracing for likely fraud. The FBI wants to be proactive in ensuring that government funds will be used appropriately. The Qui Tam Team stands ready to assist whistleblowers that become aware of the misuse of TARP funds. Existing laws help protect whistleblower confidentiality. If you have witnessed fraud by companies or institutions that receive government funds, you could be rewarded for coming forward as a whistleblower.