The U.S. Treasury's $700 billion bailout fund officially expires in two weeks, but not for Neil Barofsky, the top cop for the Troubled Asset Relief Program.
He's hiring new staff and opening four regional branch offices to pursue TARP-related fraud cases and monitor remaining taxpayer investments for years to come.
Barofsky, the TARP Special Inspector General, said his office staff, now numbering around 140, is expected to reach a previously stated goal of 160 in coming months and may go beyond that.
"Most of the ramp-up in our numbers, the expansion in our hiring, is due to our criminal investigations," Barofsky told Reuters in an interview.
Of those investigations, a big part is focused outside of the Washington, D.C., area. So the SIGTARP, as his operation is known, is opening branch offices in New York, Atlanta, Los Angeles and San Francisco.
more at http://www.reuters.com/article/idUSN1919586520100919
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