Darrel Dochow is a former banking official who used to work at the Office of Thrift Supervision at the U.S. Department of the Treasury. Dochow has been accused of allowing the failed bank IndyMac to backdate its deposits in order to hide its troubled financial state in 2008. Dochow retired from the Treasury Department in February 2009.Los Angeles Times: U.S. banking official...retiring after furor over IndyMac failure (Februry 21, 2008)
IndyMac
The financial institution IndyMac failed in July 2008 and the government took over the bank. Dochow has been accused of allowing the bank to file reports that hid how financially troubled the institution was, which made it look like that the bank had more deposits than it actually did. For example, he is accused of allowing IndyMac to register an $18 million capital injection it received in May 2008 so it appeared that the bank had the money in the end of March. Investigators say Dochow also allowed several other institutions to cook its books.ABC News: Scandal at Treasury: Official Quits Amidst Fraud Scandal (March 5, 2009)
Lincoln Savings & Loan
In the 1980s, Dochow was the head of supervision and regulation at the Federal Home Loan Bank Board in Washington. Dochow ignored California state regulators who asked the department to intervene in the Lincoln Savings & Loan Association in the 1980s.Los Angeles Times: U.S. banking official...retiring after furor over IndyMac failure (Februry 21, 2008) The institution later failed and its CEO, Charles Keating, was found guilty of fraud and sentenced to prison.
