by Brian Mahany
We are not fans of Bank of America. Around our office it is known as the Death Star. But when I learned earlier this month that Bank of America was laying off another 2,000 employees, the news was bittersweet.
Much of our practice is dedicated to representing homeowners fighting to protect their homes against predatory foreclosures, missing or forged documents and improperly denied HAMP modifications. BOA seems to be on the top of all three lists. We also represent bank and mortgage company workers, however. Lest you think they are evil, most are anything but evil. The underwriters, quality control workers, clerical staff and customer service are simply hard-working people like you and me. They have no say in Bank of America’s policies.
The loss of 2,000 workers is only the most recent layoff round. Bank of America has reportedly sent 30,000 of its workforce to the unemployment line. Unfortunately, sending about a dozen of the C-Suite level executives pink slips would make far more sense.
If history is any indicator, Bank of America better be very careful in who gets those pink slips. All of the huge multi-billion federal false claims act cases on Wall Street were brought by whistleblowers – current or fired employees who decided to report the illegal behavior of their employers. Our $2.4 billion case against Allied Home Mortgage – the largest mortgage fraud case in the nation – was originated by a former branch manager.
Our firm proudly represents whistleblowers who come forward to stop fraud and corruption. There are a wide variety of government programs that pay cash awards to people who come forward with inside information about fraud and corruption. For fraud that hurts taxpayers such as mortgage and Medicaid fraud, the federal false claims act pays up to 30% of what is recovered from wrongdoers. The SEC and IRS also maintain whistleblower programs. Federal and many states also have laws that protect whistleblowers from retaliation.
If you have information about fraud, give us a call. We are happy to help you determine whether you have a claim and if you do, file a false claims action on your behalf. And people getting fired by Bank of America, we especially want to talk to you.
For more information, contact attorney Anthony Dietz at or for immediate help, contact the author, attorney Brian Mahany, at or by telephone at (414) 704-6731 (direct). All inquiries are treated as confidential and protected by the attorney client privilege.
Mahany & Ertl – America’s Fraud Lawyers. Offices in Milwaukee, Wisconsin; Detroit, Michigan; Portland, Maine & Minneapolis, Minnesota. Services available in many jurisdictions.