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OTS (Office of Thrift Supervision)Gerald Barton

FinancialLayer 2TEXT-002-HOUSE_OVERSIGHT_032256_txt_3692_EVT_004
5%

Event Description

Gerald Barton was subjected to a fine of $500,000 per day by the Office of Thrift Supervision (OTS) for several years, which was initiated to prevent him from financing new developments. The fine was eventually abandoned.

Quoted Evidence

Being free of the $500,000 a day I was fined by the OTS, after several years they abandoned this fine, which was initiated strictly to ensure that I had no opportunity to finance any new developments

Trafficking Assessment

Likelihood

5%

Confidence

90%

Thread Prior

15%

Reasoning

Regulatory fine imposed by federal agency. While the punitive intent (preventing financing of new developments) is noted, this is regulatory enforcement, not evidence of trafficking activity. No exploitation indicators present.