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June 25, 2013 General

Mortgage Fraud Allegations at ABN Amro Leads to $41 Million Settlement

The Department of Justice (DOJ) previously announced a settlement reached with a Michigan-based mortgage lender in a False Claims Act case. ABN Amro Mortgage Group Inc., a subsidiary of LaSalle Bank Midwest, agreed to pay the government $41 million to resolve allegations that it falsified over 28,000 federally insured mortgages. […]
June 24, 2013 General

Mortgage Fraud: HAMP and the False Claims Act

The Home Affordable Modification Program (“HAMP”) is a federal program enacted to help eligible applicants with loan modifications on home mortgage debt. It was developed as a result of the subprime mortgage crisis, which began to devastate the financial market in 2008. HAMP is a foreclosure prevention program, providing loan […]
June 21, 2013 General

Mortgage Fraud: Beazer Homes Settles False Claims Act Suit

After being charged with fraudulent mortgage origination activities, a Georgia-based home builder and mortgage lender have agreed to settle a False Claims Act lawsuit. Beazer Homes USA Inc. and Beazer Mortgage Corporation have agreed to pay the government $5 million, plus contingent payments of up to $48 million. Headquartered in Atlanta, […]
June 18, 2013 General

Second Dodd-Frank Whistleblower Award Announced in Hedge Fund Scheme

After assuring citizens they would soon see additional whistleblower rewards from the Securities and Exchange Commission (SEC), officials were proud to announce the issuance of a substantial Dodd-Frank whistleblower award. This second-ever Dodd-Frank whistleblower award results from a district court ruling that ordered Locust Offshore Management and its CEO, Andrey […]
June 17, 2013 General

Bill Introduced to Extend Whistleblower Protections to Offshore Oil and Gas Workers

During the last decade, alarming numbers of offshore oil and gas facilities have been found in violation of industry or federal laws, putting worker safety and the environment at risk. Currently, there are no whistleblower anti-retaliation provisions protecting offshore oil and gas facilities workers. As a result, vast numbers of […]