Businessweek | Whistle-Blower Lynn Szymoniak Beats the Banks

Photograph by Colby Katz for Bloomberg Businessweek

Whistle-Blower Lynn Szymoniak Beats the Banks

Attorney Lynn Szymoniak had spent her career investigating insurance fraud when Deutsche Bank (DB) moved to foreclose on her Florida home in 2008. Almost four years later, she’s still fighting the foreclosure. Yet the fraud by numerous banks she uncovered after combing through mortgage documents has earned her $18 million.

Szymoniak, 63, is getting part of a $25 billion national settlement that state and federal officials reached in February with five banks, including Bank of America (BAC) and JPMorgan Chase (JPM), according to the Department of Justice. Deutsche Bank was not part of that settlement. “When they did this to her, they picked the wrong person at the wrong time in the wrong place,” says Richard Harpootlian, Szymoniak’s attorney. “They stuck their hand into the beehive.” John Gallagher, a spokesman for Deutsche Bank, declined to comment on Szymoniak’s foreclosure case.

The settlement with the five banks, which did not admit wrongdoing, resolves claims of abusive foreclosure practices and provides mortgage relief to borrowers. It pays $1.5 billion to those who lost their homes to foreclosure, and sets standards for how the banks service mortgages. It also provides $228 million to settle whistle-blower claims, according to papers filed in federal court in Washington. A group of six whistle-blowers will receive $46.5 million out of that amount, says Alisa Finelli, a spokeswoman for the Justice Department. Spokesmen for JPMorgan and Bank of America declined to comment on the whistle-blower cases resolved as part of the national foreclosure settlement.

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4closureFraud.org

Comments
4 Responses to “Businessweek | Whistle-Blower Lynn Szymoniak Beats the Banks”
  1. fury says:

    deutche bank may have picked the wrong person
    but for all of the people lynn has helped, the bank picked the right person to defraud — because she stood up against them.

    she had knowledge, experience and determination.
    through her own experience, she led with tenacity and brilliance.

    she has helped so many people.

  2. lies is all they tell says:

    god bless you lyn you deserve every penny. we all invested in ur homes hoping someday to sell our homes, rent a small home and have our retirement money to live comfortable. now we are all 50-60 years old and our retirement is a scary thought but must happen at 62-65. no way should they be doing this to us. so thsnk yu for your help. if it was not for you lisa, and michael i would not know what i know today.

  3. MARGETTA LANGLOIS PRO.SE says:

    GOD BLESS YOU “GOD” DOES NOT LIKE “UGLY” FRAUD MMORTGAGE CO.’S

    “GOD” OES NOT LIKE “CORRUPT” “DIRTY” ATTY.’S W/ “NO” LIVE & “STANDING”

    ENTITES IN EACH STATE.(FILED BUT “NO” CLIENT, “NO” ENTITY…

    ‘GOD” SHOULD “PUNISH” THE “JUDGE’S” TO THE EXTENT WHO AIDED & ABETTED ALL

    THE :”INJUSTICE”

    THIS IS “OBSTRUCTION OF JUSTICE” & CREATED “GROSS MISCARRIAGES OF JUSTICE”

    FOR “ALL” OF US

    LEAVING US “HOME-LESS,” & SEVERE “HARDSHIP”

    W/ “NO” MONIES, & “NO” WHERE TO GO….

    THANK YOU FOR YOUR “HARD” WORK… EVEN W/ THE FLA. CIVIL PROCEDURE RULE “LAW” 1.120 ( A)

    & FLA. “LAW” STATUE 865.09 “FACELESS” PLAINTIFF (JUDGE’S ARE “IGNORING” THE LAWS

    & BREAKING THEM TO COVER-UP COURT-CORRUPTION” PLEASE RESPOND BACK AS TO WHERE DO

    WE GO FROM HERE ????? THANK YOU MARGIE

  4. incognito123 says:

    TERRIFIC, now on to exposing more of their crimes!!

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