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Jury Returns $92 Million Verdict Against Allied for FCA Violations
By Jeffrey M. Haber Can I receive a financial award for blowing the whistle on my company? A Texas federal jury has found the entities formerly known as Allied Home Mortgage Capital Corporation (“Allied Capital”) and Allied Home Mortgage Corporation (“Allied Corporation” and together with Allied Capital, “Allied”) and CEO Jim Hodge liable for violating the False Claims Act (“FCA”) and the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (“FIRREA”) in connec

Jeffrey Haber
Dec 29, 20163 min read


Regions Bank Pays $52.4 Million to Settle False Claims Act Violations
What is being done about fraud in the FHA's mortgage insurance program? In September, the U.S. Department of Justice announced that Regions Bank ("Regions") agreed to pay $52.4 million to resolve allegations that it violated the False Claims Act. The Alabama-based bank knowingly originated mortgage loans insured by the Federal Housing Administration ("FHA") that did not meet the underwriting guidelines of the U.S. Department of Housing and Urban Development ("HUD"). What is a

Jeffrey Haber
Sep 26, 20162 min read
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