Bank of America ‘Hustle’ whistleblower earns $57 million payout

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http://fortune.com/2014/12/18/bank-of-america-hustle-whistleblower-earns-57-million-payout/

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A former executive whistleblower of Countrywide will receive a $57 million award

Former executive of Countrywide Financial led a jury to find parent company Bank of America liable for fraud over shoddy mortgages.

A former executive of Countrywide Financial, who led a jury to find parent company Bank of America Corp liable for fraud over shoddy mortgages the company sold, will receive a $57 million award for another whistleblower case against his former employer, according to federal court documents.

Edward O’Donnell had filed a whistleblower lawsuit that accused Countrywide of defrauding government-backed mortgage finance companies Fannie Mae and Freddie Mac by selling them loans that were not as

BREAKING NEWS
MEDFORD MAYOR PRESS CONFERENCE

11:30 AM Friday 12-19-14

new access TV station for Medford

BREAKING NEWS