The Term ‘Whistleblower' is good Thing
They Follow Protocol and Due Process
"Any Nit With Sense Can See This Dividing Line"
He Sold U.S. Out for Fame
"Any Nit With Sense Can See This Dividing Line"
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March 11, 2014 9:26 AM
By John O'Brien
NEW YORK (Legal Newsline) – The whistleblower whose lawsuit against JPMorgan Chase Bank helped bring about a $614 million settlement will be awarded more than $63 million for his role.
On March 7, the U.S. Attorney’s Office for the Southern District of New York filed an order of settlement that shows Keith Edwards, who filed the qui tam complaint against JPMorgan Chase in 2013, will receive $63,870,000.
Wasinger
Wasinger
The order was signed by U.S. District Judge J. Paul Oetken. Representing Edwards is David G. Wasinger of The Wasinger Law Group in St. Louis.
The False Claims Act lawsuit alleged JPMorgan Chase submitted false certifications to the Department of Housing and Urban Development, the Department of Veterans Affairs and the Federal Housing Administration that caused the three to accept for government insurance and refinancing thousands of loans that were not eligible.
When those loans defaulted, it caused substantial losses to the federal agencies. JPMorgan Chase was also cited for failing to self-report the loans it had identified as either fraudulent or deficient.
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Whistleblower will get $64M in JPMorgan Chase Bank settlement