Government regulator allowed failing bank to cook it's books, thus causing large taxpayer losses. This corrupt government employee now retires with a guaranteed pension funded by taxpayers.
Scandal at Treasury: Official Quits Amidst Fraud Scandal
Darrel Dochow Allowed IndyMac Bank to Cook Its Books, Investigators Say
By BRIAN ROSS, JUSTIN ROOD, and JOSEPH RHEE
The man at the center of a fraud scandal at the Treasury Department has been allowed to quietly quit and retire from his job as a government regulator, despite allegations that he allowed a bank to falsify financial records and amidst outcries from investigators who say the case shows how cozy government regulators have become with the banks and savings and loans they are supposed to be checking on.
Former bank regulator Darrel Dochow evades ABC News' questions about the Treasury Department Inspector General's investigation into allegations he allowed IndyMac to cook its books when he worked at the Office of Thrift Supervision.
Darrel Dochow, the West Coast regional director at the Office of Thrift Supervision who investigators say allowed IndyMac to backdate its deposits to hide its ill health, quit last Friday. Prior to his leaving, Dochow was removed from his position but remained on the government payroll while the Inspector General's Office investigates the allegations against him.
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