In the past month, federal prosecutors opened a new front in their battle against financial misconduct with the announcement of the first criminal prosecution for fraud under the Troubled Asset Relief Program (TARP). Charles Antonucci, former president of the Park Avenue Bank of New York, was arrested Monday morning and charged with embezzlement, bribery, and allegedly trying to defraud the TARP program of $11.2 million.
Home > Fraud, Deception and False Claims > Letter from Richard Cullen: Preparing for Financial Fraud Investigations