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JPMorgan Whistleblower Gets $63.9 Million in Mortgage Fraud Deal

A whistleblower will be paid $63.9 million for providing tips that led to JPMorgan Chase & Co’s agreement to pay $614 million and tighten oversight to resolve charges that it defrauded the government into insuring flawed home loans.

The payment to the whistleblower, Keith Edwards, was disclosed on Friday in a filing with the U.S. district court in Manhattan that formally ended the case.

via JPMorgan whistleblower gets $63.9 million in mortgage fraud deal | Reuters.

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