IndyMac Fraud Investigation

- July 16, 2008: Associated Press reports IndyMac under investigationThe Associated Press: FBI Investigates Possible Loan Fraud at IndyMac (July 16, 2008)
- Probe involves home loans made to high-risk borrowersThe Associated Press: FBI Investigates Possible Loan Fraud at IndyMac (July 16, 2008)
- Investigation was said to center primarily on the company, not individual bank ownersCNN.com: Source: FBI Investigating Indymac for Fraud (July 16, 2008)
- IndyMac taken over by the FDIC on July 11, 2008
- FDIC was running IndyMac under the name IndyMac Federal BankReuters: U.S. Seizes IndyMac As Troubles Spread (July 12, 2008)
- FDIC sold IndyMac to group of private investment firms in January 2009CNN.com: Source: FBI Investigating Indymac for Fraud (July 16, 2008)
- IndyMac allegedly cooked its books in reports filed with the Treasury Department before it failedLos Angeles Times: U.S. banking official...retiring after furor over IndyMac failure (Februry 21, 2008)
- Allegedly filed reports that hid how financially troubled the institution wasABC News: Scandal at Treasury: Official Quits Amidst Fraud Scandal (March 5, 2009)
- IndyMac allegedly registered an $18 million capital injection it received in May 2008 so it appeared that the bank had the money in the end of MarchABC News: Scandal at Treasury: Official Quits Amidst Fraud Scandal (March 5, 2009)
- A former official at the Treasury Department, Darrel Dochow, is being investigated for allegedly allowing the bank to cook its booksABC News: Scandal at Treasury: Official Quits Amidst Fraud Scandal (March 5, 2009)

A former official at the U.S. Department of the Treasury, Darrel Dochow, is being investigated for fraud after reportedly allowing the California-based bank IndyMac to file reports that hid how financially troubled the institution was before it failed in July 2008.Los Angeles Times: U.S. banking official...retiring after furor over IndyMac failure (Februry 21, 2008) The government seized control of the bank in July 2008. IndyMac was sold to private investors in January 2009.
IndyMac Bank Failure

On July 11, 2008, federal regulators seized control of mortgage lender IndyMac and the FDIC was put in control of the company's operations. IndyMac's collapse has been called the second largest bank failure in U.S. history.The Associated Press: Government Shuts Down Mortgage Lender IndyMac (July 11, 2008) In the days that followed, hundreds of IndyMac customers lined up outside branches in California to withdraw their money from the failed bank.The Associated Press: Scared IndyMac bank customers demand their money (July 16, 2008)