Most people know Jim Marchese from his role in the reality show “Real Housewives of New Jersey.” But in legal circuits, he’s also known as a corporate whistleblower who has scored big settlements — twice. According to the Wall Street Journal:
The small mortgage firm Mr. Marchese owns in Shrewsbury, N.J., most recently collected $8.5 million for helping kindle the Justice Department’s record $16.65 billion settlement last summer with Bank of America Corp., which was accused of selling shoddy mortgage investments in the run-up to the financial crisis.
Before that, in 2007, Mr. Marchese received $1.6 million after reporting his former employer, a Seattle pharmaceuticals firm now called CTI BioPharma Corp., for allegedly defrauding Medicare.
“I’m trained as an attorney, I’m Sicilian, and I’m from New Jersey,” said Mr. Marchese, 45 years old. “If I see you kick a puppy, I’m going to say something. It’s not within me to not say something.”
Read the full article here (subscription required): http://www.wsj.com/articles/whistleblower-jim-marchese-scores-millions-in-payoutagain-1429695001
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