A brief and important article here by Eileen Foster in Rolling Stone. Eileen was a Home Loans executive at Countrywide in 2007. When she started to blow the whistle on gigantic fraud at the company she became a target. She states that:
Countrywide managers went after my job and reputation, intimidating witnesses and altering statements.
We opened many of these investigations on whistleblowers’ tips. Later I learned that many of those reporting or challenging fraudulent practices were transferred, demoted, harassed or fired in reprisal. To suppress whistleblowers and their concerns, Countrywide directed them to report their allegations to the suspect officials’ managers. It was a trap, and the system was rigged. Instead of taking action, the managers would then share the information with the suspects themselves, who would then hit back at the whistleblowers.
More
1 comment:
He was put in office to enable fraud at all levels.The sad part is he may not even know it.His form of adminisrtation lends itself to widespread fraud just by it's very nature.
Post a Comment