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A 'Real Housewives of New Jersey' star blew the whistle that led to Bank of America's $16.65 billion settlement

Apr 22, 2015, 20:02 IST

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You may recognize the serial whistleblower who helped the Justice Department get its $16.65 billion settlement with Bank of America last year from The Real Housewives of New Jersey.

Jim Marchese and his wife, Amber, are cast members of the reality TV show - but in his downtime, Marchese, who owns a local New Jersey mortgage firm, likes to take fraudsters to court, reports The Wall Street Journal's Christina Rexrode.

It's not a bad side gig: in his lawsuit against Bank of America, in which the bank was accused of making bad mortgage investments leading up to the financial crisis, Marchese received $8.5 million for tipping the government off.

Back in 2007, when he blew the whistle on his own company, a pharmaceutical firm that allegedly defrauded Medicare, Marchese scored $1.6 million for his efforts.

Of course, the money is not why Marchese says he does it.

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"I'm trained as an attorney, I'm Sicilian, and I'm from New Jersey," Marchese told the Journal. "If I see you kick a puppy, I'm going to say something. It's not within me to not say something."

Pretty altruistic for a guy known for regularly blowing up in his friends' faces on live television.

Here's a NSFW example of that:


Read the full story in the Journal »

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