Daily News: March 10, 2014

Reuters: JPMorgan Whistleblower Gets $63.9MM in Mortgage Fraud Deal

Reuters reported a whistleblower will be paid $63.9 million for providing tips that led to JPMorgan Chase’s agreement to pay $614 million and tighten oversight to resolve charges it defrauded the government into insuring flawed home loans.

Reuters said further the payment to the whistleblower, Keith Edwards, was disclosed in a filing with the U.S. district court in Manhattan that formally ended the case.

To read the entire Reuters article, click here.