Thrift Failures: Federal Enforcement Actions Against Fraud and Wrongdoing in RTC Thrifts

GGD-93-94 Published: Aug 10, 1993. Publicly Released: Sep 09, 1993.

Highlights

Pursuant to a congressional request, GAO provided information on civil and criminal enforcement against offenses in failed thrifts under the Resolution Trust Corporation's (RTC) control, focusing on the number of: (1) federal civil actions; (2) referrals concerning suspected criminal activity in RTC thrifts; and (3) sentences imposed on criminal offenders.

Full Report

Full Report (44 pages)

Office of Public Affairs

Chuck Young

Managing Director

youngc1@gao.gov

(202) 512-4800

Topics

Financial Markets and Institutions

Bank failuresClaims settlementCrimesCriminal procedureFines (penalties)FraudGovernment collectionsInsured commercial banksLaw enforcementSavings and loan associations