TARP and Bailout Fraud
The Troubled Asset Relief Program (TARP) was created in October of 2008 to help provide financial assistance during the credit and financial crisis that struck in the fall of 2008. In addition to TARP, many other bailout programs were established to help companies and individuals that qualify for financial assistance.
Government expenditures under TARP and other programs are covered under the federal False Claims Act, and persons with knowledge of fraudulent claims for assistance may be eligible for a reward for bringing legal action in the form of a Qui Tam lawsuit. For more information on TARP and bailout fraud cases, contact a Qui Tam lawyer of Tycko & Zavareei, LLP at 202-973-0900 today.
Bailout Programs
In addition to TARP, federally-backed bailout programs include:
- The “Making Home Affordable” (MHA) program
- Capital Purchase Program
- Term Asset-Backed Securities Loan Facility (TALF)
- Public-Private Investment Partnership (PPIF)
- Automotive Industry Financing program
- Unlocking Credit for Small Businesses program
- Targeted Investment program
If a bank, lending institution, insurance company, or other entity obtains funding through fraudulent means, you may be able to file a Qui Tam lawsuit against the institution and as such, you may be eligible for a reward of 15%-30% of what the government is able to recover.
Contact Us
If you are aware of fraudulent actions on the part of an individual or institution that is collecting federal bailout payments, contact the Qui Tam attorneys of Tycko & Zavareei, LLP at 202-973-0900 to discuss your case.
