FEDERAL INVESTIGATION OF RESIDENTIAL MORTGAGE BACKED SECURITIES FRAUD IN HIGH GEAR

Whistleblowers with specific information that leads to monetary recover concerning mortgage backed securities may be in for substantial rewards. The Federal Government is gearing up a new incentive program for whistleblowers with such information to make fraud in this area a priority. Under the Dodd-Frank Act the reward can be between 10%-30% of the moneys recovered by the government. There is a new Department of Justice working group dedicated to initiating new investigations into fraud and abuse in the residential mortgage backed securities marked that helped precipitate the 2008 financial crisis. If you have information about this and you are in the mortgage backed securities industry call Jeffrey Newman Esq. at 617-823-3217