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No Government Help this Time for 'Robo-signing' Whistleblower

mpamag.com | April 29, 2014

By Ryan Smith

A whistleblower who helped the federal government recover $95 million from Bank of America and other lenders is on her own in a new lawsuit against 22 financial institutions.

Lynn Szymoniak threw a spotlight on the “robo-signing” scandal, in which banks foreclosing on mortgages were allegedly routinely backdating foreclosure documents, forging signatures and falsely stating dates of transfer, among other things. The Department of Justice intervened in that lawsuit, recovering $95 million from the banks. Szymoniak herself got $18 million under a law that allows whistleblowers to sue for fraud on behalf of the federal government.

She’s now suing 22 other banks, including Deutsche Bank and HSBC, alleging they’re engaged in the same behavior. However, the government hasn’t joined her lawsuit yet, according to a Bloomberg report. U.S. Dstrict Court Judge Joseph Anderson is considering a motion by the banks to throw the suit out.

“This is a case the government should take a stand on,” Symoniak’s attorney, Reuben Guttman, told Bloomberg. “It is curious as to why the government is not vigorously pursuing this along with us. They are leaving money on the table.”

The government can decide to intervene in the lawsuit at any time, provided the court grants permission.

 

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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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