TARP bailout’s first ‘watchdog’ joins Jenner & Block
Posted Sep 9, 2013 3:00 PM CDT
By Stephanie Francis Ward
Neil Barofsky, who served as the special inspector general overseeing the U.S. Treasury’s Troubled Asset Relief Program from 2008 to 2011, has joined Jenner & Block, the firm announced Monday.
Barofsky, dubbed the "chief watchdog of fraud and corruption" for TARP by Reuters, will join the firm as a litigation partner.
Barofsky’s work regarding TARP included managing the creation and expansion of a law enforcement group with in the U.S. Treasury, which conducted criminal and civil fraud investigations linked to the bailouts, the firm noted in a press release. In October 2010, the U.S. Treasury's authority to make investments using TARP ended. Barofsky left the agency in March 2011 to become a professor at the New York University School of Law. The U.S. Treasury says that of June 30, 2013, it has been repaid for more than 95 percent of the funds dispersed by TARP.
Barofsky will be based in Jenner’s New York office. Prior to the U.S. Treasury appointment, Barofsky was a Southern District of New York federal prosecutor and headed the agency’s Mortgage Fraud Group.