Friday, January 20, 2017

Whistle...*




Fleischmann is a tall, thin, quick-witted securities lawyer in her late thirties, with long blond hair, .......... has survived some very tough times. She's had to struggle to find work despite some striking skills and qualifications, a common symptom of a not-so-common condition called being a whistle-blower.
Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase paid $9 billion to keep the public from hearing the truth.

she reviewed loans and flagged many as “stated income unreasonable for profession”; In one case in 2006, managers marked 33 percent loans in a loan sample under this category, but were effectively overturned by executive. Yet the bank continued to “sell...high-risk loans as low-risk securities,” despite the fact that doing so would be fraud.

Fleischmann was laid off in 2008. She was under a confidentiality agreement with Chase, but she did have the ability to report crimes. So she put her trust in the federal government, which was tasked with overseeing and punishing the sort of fraud she witnessed.
Not an easy road. Just a thought.

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