Tag Archives: exposing wrongdoing
American Financing Corp. Must Pay Fine After Firing Whistleblowers in Mortgage Fraud Case
American Financing Corp. was ordered by a judge in Arapahoe County District Court to pay out settlements to four former employees of the Colorado-based mortgage company. The employees claimed they were fired after raising concerns about widespread mortgage fraud propagated by the company. In their lawsuit, the four former employees claimed they had attempted to […]
SEC Hands Down $3 Million Award to Whistleblower in Fraud Case
The U.S. Securities and Exchange Commission (SEC) recently announced that it paid a whistleblower an award of more than $3 million for providing information that enabled the agency to crack a complex fraud case. This award was the third-highest amount handed out so far since the SEC established the whistleblower program several years ago. The […]
