President George W. Bush nominated Southern District of New York Assistant U.S. Attorney Neil Barofsky on Friday to be the special inspector general overseeing the $700 billion federal economic rescue plan. Barofsky has handled white-collar prosecutions as a member of the securities and commodities fraud unit, including winning the convictions of Tone Grant, the ex-president of Refco, and Phillip Bennett, its former CEO.
Assistant U.S. Attorney Tapped to Oversee $700 Billion Economic Bailout
New York Law Journal
November 17, 2008