Scandal at Treasury: Official Quits Amidst Fraud Scandal

Darrel Dochow Allowed IndyMac Bank to Cook Its Books, Investigators Say

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...

Investigators say Dochow, who reportedly earned $230,000 a year, allowed IndyMac to register an $18 million capital injection it received in May in a report describing the bank's financial condition in the end of March...

In at least one instance, investigators say, banking regulators actually approached the bank with the suggestion of falsifying deposit dates to satisfy banking rules – even if it disguised the bank's health to the public...

ABC: Scandal at Treasury: Official Quits Amidst Fraud Scandal