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AROUND THE WATCHDOGS: California couple headed to slammer for defrauding TARP

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A California couple has been sentenced to federal prison for defrauding seven banks, including two banks that received Troubled Asset Relief Program funds, in connection with a $130 million line of credit, according to the Special Inspector-General for the TARP program. Thomas Chia Fu, 64, of Newport Coast, California, will serve 21 months, while his wife, Cheri L. Shyu, 61, was sentenced to...

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