Whistleblowers Exposed Bank for Fraudulent VA Loans
Whistleblowers Exposed Bank for Fraudulent VA Loans

In 2012, JP Morgan Chase was ordered to pay $45 million to settle whistleblower claims. The bank illegally billed legal fees and other barred costs to an estimated 1.2 million veterans who refinanced their homes.

Roughly three-quarters of the settlement was to be allocated to the federal government as reimbursement for fraudulent VA loans it guaranteed.

The whistle was blown on JP Morgan Chase by Victor Bibby and Brian Donnelly, who were executives in a mortgage brokerage that arranged thousands of loans.

We have only to wonder if any of this serious wrongdoing would have been discovered if it had not been for Bibby and Donnelly.

Our firm has been handling personal injury cases throughout the California Low Desert and High Desert communities for over 30 years. With a 95% success rate, the California personal injury attorneys at Walter Clark Legal Group will fight to hold those responsible for your loss accountable and win compensation to cover medical bills, lost wages, and pain and suffering. If you have been injured and want to discuss your legal options, contact us today for a free consultation with an experienced personal injury lawyer. We have offices in Indio, Rancho Mirage, Victorville, El Centro, and Yucca Valley, and represent clients through the entire California Low Desert and High Desert communities.

DISCLAIMER: The Walter Clark Legal Group blog is intended for general information purposes only and is not intended as legal or medical advice. References to laws are based on general legal practices and vary by location. Information reported comes from secondary news sources. We do handle these types of cases, but whether or not the individuals and/or loved ones involved in these accidents choose to be represented by a law firm is a personal choice we respect. Should you find any of the information incorrect, we welcome you to contact us with corrections.

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