TARP watchdog sinks teeth into fraud

Townhall.com Staff
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Posted: Sep 09, 2013 2:20 PM
When police caught up to Glen Alan Ward in April 2012, in a small city southwest of Toronto, he had been on the run for 12 years. Ward fled the United States for Canada in 2000, after duping struggling homeowners into paying him fees to fraudulently delay their foreclosures. He continued the scam over the next 12 years, collecting more than $1.2 million in fees and delaying 824 foreclosure sales for distressed homeowners in 26 states. How did they finally catch up to him? Ward eventually messed with the wrong banks. Or, more specifically, banks with taxpayer cash in their vaults, courtesy of the 2008 bank bailout law.