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WASHINGTON — Neil Barofsky, the government’s top watchdog for the $700 billion financial bailout, said Monday he is stepping down.
In a letter to President Barack Obama, Barofsky said he will leave as special inspector general for the Troubled Asset Relief Program on March 30.
Barofsky said his office’s investigations led to 14 criminal convictions for fraud, the recovery of more than $150 million and averted the potential loss of $550 million in fraud.
