Pmj Pllc

900 South Clark Street, Chicago, IL 60605

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.