Whistleblower Paid $63.9 For J.P. Morgan Concealment Of Bad Mortgages
- March 25, 2014 by Qui Tam
- Federal False Claims Act
Whistleblower, Keith Edwards, will recover $63.9 million for his false claims act lawsuit in which he revealed that J.P. Morgan Chase had submitted thousands of mortgages for governmental insurance through the Federal Housing Authority and Veterans Administration that did not qualify for those government guarantees. The government ultimately had to cover for these loans when they defaulted.
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