Neil Barofsky

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Neil Barofsky
Occupation Partner
Employer Jenner & Block

Neil M. Barofsky was appointed by then-President George W. Bush in 2008 to oversee the government's spending of the TARP bailout money.[1]

In 2011, he stepped down from that post, saying he wanted to spend more time with his family. After moving to Washington D.C. in late 2008, he had gotten married and became a father. His deputy, Christy Romero, took over the position on March 30, 2011.[2]

Barofsky opened an investigation in March 2009 into whether AIG paid more government bailout money than necessary to big banks that held claims against the collapsing insurance company.[3]

In June 2014, the New York Times reported that New York state’s financial regulator was close to picking Barofsky as the corporate monitor for Credit Suisse, after the bank pleaded guilty to helping American clients evade taxes.[4]

He was formerly the New York Assistant U.S. Attorney.

Background

Barofksy is a former lead prosecutor in the southern district of New York's securities-fraud unit. He was best known as the prosecutor who made former Refco chairman Phillip Bennett cry on the stand.[5]

Education

Penn and NYU

References

  1. Tarp investigator seeks evidence of book fiddling. The Financial Times.
  2. Barofsky stepping down as watchdog of TARP. The New York Times.
  3. TARP Inspector General Looking Into AIG Payments to Goldman Sachs, Others. The Washington Post.
  4. Neil Barofsky, Old Foe of Bank Bailouts, Said to Be a Monitor for Credit Suisse. The New York Times.
  5. New York Prosecutor Neil Barofsky to Keep an Eye on Bailout Dough. New York Magazine.
Last modified on 24 June 2014, at 12:30