JPMorgan Whistleblower Gets $64M In FCA Settlement

Law360, New York (March 7, 2014, 4:05 PM EST) -- A New York federal court on Friday approved a deal in which a whistleblower will get $63.9 million for tips leading to a False Claims Act settlement in which JPMorgan Chase & Co. agreed to pay $614 million over allegations it defrauded the U.S. government into insuring flawed home loans

In the Feb. 4 settlement agreement, JPMorgan agreed to "admit, acknowledge and accept responsibility" for having submitted thousands of mortgages for insurance by the Federal Housing Administration and the Department of Veterans Affairs despite knowing they...
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