Bank Fraud Whistleblower Fired after Exposing Ponzi Scheme
September 21, 2009
A former bank fraud investigator at BB&T Bank in North Carolina says she was fired for being a whistleblower. Amy Stroupe discovered one of the bank’s top loan officers was involved in what turned out to be in a $120 million dollar Ponzi scheme. It was one of the biggest land development frauds ever in the state’s history. She was fired after reporting what she found to the FBI. Click here to watch the story.
WCNC TV Reporter Stuart Watson in Charlotte, North Carolina produced the story above about Stroupe’s Whistleblower case filed against BB&T Bank. Stroupe filed suit under the Sarbanes Oxley Act, a law that went into effect after the Enron scandal, to protect from retaliation employees who expose fraud. Her case is now before a federal Department of Labor judge.
- Suit claims BB&T hid real estate scheme
- Bank of America Picks Up Defense Tab for Ex-Countrywide CEO Charged with Fraud
- Changes Needed To The Whistleblower Statute – Contact your Representative
- Woman Declares War on Bank and Wins!
- When Is Enough Fraud Enough?
- Getting to the Bottom of Why a Bank would Sue Itself
Banding Together and Fighting Back!
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