“To hell with the bloody victims.” That is an actual quote from a story published by the National Mortgage News. According to the Orlando Sentinel, Florida has intentionally left mortgage relief funds on the table. This despite having one of the nation’s worst residential foreclosure rate. The banks get hundreds of billions of dollars and homeowners don’t even get what little Congress offered.
Frankly, we are baffled by the state’s decision to only spend half the money allocated by the feds. That rate has improved somewhat but the state still shuns federal bailout monies. Although the state is finally getting better about helping struggling homeowners, much of the bailout monies have already been allocated.
What is the solution? More whistleblower cases.
Since 1863 and the U.S. Civil War, the False Claims Act has encouraged and incentivized ordinary citizens to file whistleblower claims. Under the Act, people who come forward and report fraud are both protected from retaliation and eligible for whistleblower awards. Huge cash awards.
The U.S. Department of Justice has paid out over $1 billion in award monies. Over $435 million alone in 2014. Unlike bailout monies funded by tax dollars, False Claims Act awards come from the pockets of wrongdoers. If we are going to give banks hundreds of billions of dollars, why complain over making them pay some of that money back to homeowners?
How to Qualify for Whistleblower Awards
We are actively looking for bank and mortgage industry workers with inside information about residential mortgage fraud. To qualify for an award, your information must be original source meaning you can’t base a case on second or third hand information. You also must generally be the first to file. And its best if the information isn’t already public.
Think you qualify? To collect a whistleblower award, you must file a lawsuit in federal court. The case is sealed meaning neither the defendant (wrongdoer) nor the public will know of the details or your name while the government investigates the case. Ultimately the government must decide to intervene or allow the whistleblower’s own lawyers to pursue the case. Until then, your identity is usually secret.
Filing a federal lawsuit scares away some folks. Although understandable, filing a False Claims Act suit – also called a qui tam lawsuit – is easier than you think. The lawyers that handle these cases typically handle them on a contingency fee meaning no award until and unless the government wins it case against the wrongdoer. You supply the information and we do the work.
Need more information? We are happy to help and answer questions. To date our clients have received over $100 million in whistleblower awards.
The State of Florida and Congress won’t fix the problem but you can help… and earn a handsome award for your effort. For more information, contact attorney Brian Mahany at or by telephone at (414) 704-6731 (direct). All inquiries are protected by the attorney – client privilege.
MahanyLaw – America’s Whistleblower Lawyers