Whistleblowers Ignored, Punished by Lenders, Dozens of Former Employees Say

Whistleblowers ignored, punished by lenders, dozens of former employees say

Mortgage fraud involved many lenders, former employees say

Darcy Parmer ran into trouble soon after she started her job as a fraud analyst at Wells Fargo Bank. Her bosses, she later claimed, were upset that she was, well, finding fraud.

Company officials, she alleged in a lawsuit, berated her for reporting that sales staffers were pushing through mortgage deals based on made-up borrower incomes and other distortions, telling her that she didn’t “see the big picture” and that “it is not your job to fix Wells Fargo.” Management, she claimed, ordered her to stop contacting the company’s ethics hotline.

In the end, she said, Wells Fargo forced her out of her job.

Parmer isn’t alone in claiming she was punished for objecting to fraud in the midst of the nation’s home-loan boom. iWatch News has identified 63 former employees at 20 financial institutions who say they were fired or demoted for reporting fraud or refusing to commit fraud. Their stories were disclosed in whistleblower claims with the U.S. Department of Labor, court documents or interviews with iWatch News.

Check out the rest of this in depth report here…



24 Responses to “Whistleblowers Ignored, Punished by Lenders, Dozens of Former Employees Say”
  1. Bobbi Swann says:

    Me too, 2nd time I’m typing this. What gives Lisa????

  2. talktotennessee says:

    A timer apparently has been placed on the reply section. Risking losing the audience here to migrate to blogs that allow comments. Reasonable answer would be to place a character limit as the major media blogs do. NYT, etc.

  3. talktotennessee says:

    You know it! Whistleblowers either get paid off or trampled.
    Anyone notice the “time out” feature on our website or is it just me?

    • talktotennessee says:

      I know I am a little vebose but maybe an explanation or character limit might be helpful as is done on the NYT and other media blogs?

      • lvent says:

        talktotennessee…I have noticed it. What is going on?

      • lvent says:

        Could this mean that someone considers our comments at this site too informative?

      • lvent says:

        Probably a NWO troll…who has been trolling this site…

      • Fury says:

        it could just be an issue about the server,
        maybe replies that take a long time to write or take up a lot of space, tax the limit of the bandwidth.

        yesterday, my internet was very slow.

        i would recommend using Word or Text on your computer to type a comment and
        then copy and paste it in the LEAVE A REPLY box when you are finished.

        then, you won’t lose anything you have written.

        see if that solves the problem.

      • lvent says:

        Seems like we who have been on here for a while are being attacked.

      • lvent says:

        Seems to me when something does not make sense..there is a cover up going on…

      • lvent says:

        I see the signs..

  4. lvent says:

    They should say when they hire you see no evil, hear no evil, speak not evil…or your fired…

  5. lies is all they tell says:

    whistle blowers come foward wells fargo has created a mess in florida call all florida foreclosure lawyers help us save our homes we are grateful for you. lets get them injail where they belong for what they have done to us

  6. lies is all they tell says:

    trying to post big brother watching tired of repeating everything i write

  7. Beth A. says:

    Why am I not surprised?

  8. Fred Grammer says:

    Step forward whistle blowers, don’t let the bastards grind you down. Incidentally, like Banksters, like the facist Ofail adminstration, don’t tolerate whistleblowers.

  9. lies is all they tell says:

    having trouble posting comments today

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