Deutsche, Others Targeted In Whistleblower's Robosigning Suit
By Jeff Sistrunk
Law360, Los Angeles (August 2, 2013, 6:58 PM ET) -- A whistleblower who has already received $18 million for her investigations into the residential foreclosure practice known as robosigning has targeted Deutsche Bank National Trust Co., American Home Mortgaging Servicing Inc., and more than two dozen banks and mortgage servicing companies for allegedly engaging in the practice, according to two related complaints unsealed Friday.
The U.S. has declined to intervene in the two False Claims Act actions, which Lynn Szymoniak, a Florida-based attorney specializing in white collar crime, filed in 2010 after allegedly discovering widespread evidence of robosigning across the mortgage industry. Robosigning is a phenomenon wherein employees...