Articles Posted in Financial Sector

The fraud was exposed by a former Academy underwriter.  She received a qui tam whistleblower award of $11.5M. Utah-based Academy Mortgage has paid $38.5 million to settle allegations that it violated the False Claims Act by falsely certifying its compliance with underwriting requirements for federally insured mortgages. The fraud was exposed by a…

Fraud in connection with receipt of federal bailout funds held to be actionable under the False Claims Act The Second Circuit Court of Appeals has ruled in favor of two financial sector qui tam whistleblowers, reviving their claims under the False Claims Act that Wells Fargo lied about its financial…