Edwards v. JPMC – 11-06188

National Debt

national debt

Regulators

Mortgage Related

Government Sponsored

Announcement Date: July 10, 2014

whistleblower

Former J.P. Morgan Chase & Co. employee Keith Edwards—a whistleblower who filed a False Claims Act case against his former employer — the nation’s largest bank — asserted successfully that JP Morgan Chase falsely certified Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA) loans causing these agencies to suffer “substantial losses.” The tips provided by Edwards lead to a payment of $614 million by the bank to the U.S. government over insurance on home loans.  Edwards received $63.9 million for his efforts, showing that doing the right thing can sometimes payoff.

keith-edward-complaint

keith-edwards-v-jpmorgan-chase-614m-whistleblower-case-doj-february-4-2014

keith-edwards-v-jpmorgan-chase-13-cv-00220-fac-february-4-2014

edwards-v-jpmchase-amended-complaint-february-4-2014

doj-press-release-jpmc-to-pay-614-million-for-false-claims-for-fha-and-va-mortgages-february-4-2014

keith-edwards-v-jpmorgan-chase-13-cv-00220-intervention-february-14-2014

keith-edwards-v-jpmorgan-chase-13-cv-00220-joint-stipulation-march-7-2014

edwards-v-jpmorgan-13-00220-docket-may-21-2014

hud-oig-final-civil-action-memo-edwards-fca-september-2-2014

ex-el-re-keith-edwards-v-jpmorgan-13-cv-00220-sdny-docket-as-of-january-30-2015