NCJ Number
146630
Date Published
1993
Length
40 pages
Annotation
This report describes the status of civil and criminal enforcement actions that the Federal Government has taken against suspected and actual wrongdoing in failed banks under the control of the Resolution Trust Corporation (RTC) as of September 30, 1992.
Abstract
The analysis revealed that actions were taken against individuals associated with 271 of the 723 thrift institutions that RTC controlled on that date. This amounted to 37.5 percent of the thrifts. The largest numbers of RTC thrifts were located in California, Florida, Illinois, Louisiana, New Jersey, and Texas. Generally, RTC thrifts in those locations were also associated with the greatest amount of civil and criminal enforcement activity. RTC filed most of the civil claims against alleged wrongdoers whose conduct contributed to the failure of a federally insured thrift. The 2,912 criminal referrals filed during fiscal years 1991 and 1992 involved estimated losses due to alleged fraud totaling more than $5.4 billion. Figures, tables, maps, and appended tables