Watch CBS Videos OnlineEver since taxpayer money was handed out to U.S. banks, the question has been "where did the money go?" TARP warns that one out of ten bailout dollars could be lost to fraud, amounting to possibly $100 billion or more.
Investigators Open 20 TARP-Fraud Criminal Probes
April 22, 2009
Ever since taxpayer money was handed out to U.S. banks, the question has been "where did the money go?" TARP warns that one out of ten bailout dollars could be lost to fraud, amounting to possibly $100 billion or more. The lead investigator says that with so much money being handed out in such a short period of time, it is not surprising that schemes and criminals would try to benefit. Securities fraud and insider trading are just two types of crimes various government agencies are investigating. CBS News' Chip Reid reports.
Related Reading
More Insights
| To upload an avatar photo, first complete your Disqus profile. | View the list of supported HTML tags you can use to style comments. | Please read our commenting policy. | |


@gmacsweeney




White Papers 