civil conspiracy

You Can’t Cover Up Fraud with TARP Funds: US Government Sues Bank President’s Estate

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On July 1, 2015, the United States for the District of Columbia sued the estate and trusts of the late Layton P. Stuart – the former owner of One Financial Corporation and its subsidiary One Bank & Trust– and the trust’s beneficiaries, for alleged fraud on the Treasury Department and its Troubled Asset Relief Program (“TARP”).  This civil suit is the latest in a growing list of cases brought by the government to recover TARP funds that it alleges were fraudulently procured.

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