Law Offices of Tom V. Mathai Profile

Law Offices of Tom V. Mathai

4001 West Devon Avenue, Chicago, IL 60646

Judge says whistleblower can't collect in FDIC action vs failed bank over appraisal fraud, because FDIC not 'government'

By Jonathan Bilyk | Wednesday, Dec 2, 2015 @ 2:06pm

A federal judge has blocked the bid of a former appraisal reviewer who blew the whistle on alleged fraud at a failed suburban bank from collecting as much as a quarter of any settlement the directors of the bank may reach with the Federal Deposit Insurance Corporation, upholding the ruling of another judge who found the FDIC cannot be considered a “government” agency for the purposes of the false claims law upon which the former bank employee has staked his claim.