PPP KINGDOM

PPP KINGDOM

B of A ORDERED TO PAY $930K TO FIRED WHISTLEBLOWER

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Bank of America (BAC) must pay $930,000 to an employee who uncovered fraud at Countrywide Financial Corp. and was fired in violation of whistleblower protections, the U.S. Department of Labor said.

The employee (former Countrywide vice president Eileen Foster) was terminated soon after the Charlotte, North Carolina-based bank took over Countrywide in 2008, the agency said today in a statement. The worker, who must also be reinstated, led internal investigations that found “pervasive wire, mail and bank fraud involving Countrywide employees,” according to the release.


http://www.bloomberg.com/news/2011-09-14/bofa-ordered-to-pay-930-000-to-whistleblower.html

Best Regards,

FINANCIAL WARRIOR

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