Whistleblower Awarded $18 Million To Address Pre-law Magnet Students
West Palm Beach Attorney Lynn Szymoniak who uncovered the “robo-signing” fraud perpetrated by some of the nation’s largest mortgage banks, will share her personal story with the Gerald A Williams Esq. Law Academy students at Palm Beach Lakes Community High School.
Ms. Szymoniak will address the students on Tuesday, April 3, 2012 from 9:00am -10:40am. Her presentation will focus on public interest law and her successful whistleblower case where she uncovered fake documents in regards to foreclosure cases. There will also be a question and answer period.
Ms. Szymoniak first appeared on 60 Minutes in April of 2011, claiming that the country’s four largest mortgage services had defrauded the federal government by creating fake documents to replace lost or nonexistent ones in order to receive government-funded payments. Recently those banks settled and under the False Claims Act, a private person, also known as a “whistleblower,” is entitled to a share of the money recovered by the U.S. Government.
For the more information about this event click here…
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Her story should serve as an encouragement to other whistleblowers who would uncover banking’s dirty secrets. I still believe her disclosure is tip of iceberg on these issues and that is one of the major drawbacks to modifying loans or reducing principal. I discovered in one of my loans that chain of title had been skipped, forcing recording again at modification. IF ONLY someone could discredit MERS on a large scale! This one act could discredit their ability to act as trustee or receiver on most of the home loans now!
Still wondering why no class action has been put together to bring the financial industry to their knees and expose their scam. Reading a Deed of Trust and Note (which no one reads at closing) we know the industry inserted wording that effectively sets the stage for default, foreclosure, and protecting their butts as if they anticipated it happening on a large scale). But. . . then here were a lot of legal minds that went into formulating these documents and the scam-protecting it simultaneously.