The Countrywide employee that exposed massive fraud behind the company’s mortgage lending practices who was fired shortly after Bank of America purchased the lender has her job back and will receive approximately $930,000 in back wages, interest, compensatory damages and attorney fees[1]. OSHA assistant secretary David Michaels commended the employee for “great courage” in his comments on the ruling. BofA and the complainant have 30 days to appeal the monetary damages.
BofA has steadfastly maintained that the firing had nothing to do with the fraud investigation, which eventually uncovered evidence of wire, mail and bank fraud[2].
Thank you for reading the Bryan Ellis Real Estate Letter!
Your comments and questions are welcomed below.
[1] http://nationalmortgageprofessional.com/news26596/bofa-whitleblower-fired-countrywide-fraud-hired-back-and-paid-nearly-1-million-damages
[2] http://www.investors.com/NewsAndAnalysis/Article/584841/201109141834/Bank-of-America-To-Pay-Whistleblower-Over-Retaliation.htm
It goes to show you how crooked our banks are and how meaningless we are to them.
What is it going to take for us to change this?