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CNN Radio New Day: October 25, 2012
Bank of America is being sued by the federal government for morgage fraud. The company denies wrong doing.
October 25th, 2012
04:30 PM ET

CNN Radio New Day: October 25, 2012

CNN Radio News Day is an evening news program providing an informative, thoughtful and creative look at the day's events. It's posted Monday through Friday at 4:30 pm ET.

You don’t have to be at this blog to listen, we want you to take us with you! Click the download button in the SoundCloud player and put us on your smart phone or tablet and bring us with you in the car, on the train or while you’re working out.

(CNN) – Welcome to CNN Radio News Day.

Here are some of the stories we cover in today's edition:

  • Bank of America is being sued for mortgage fraud. The allegations come after a whistle-blower came forward.   Bank of America is denying the charges.  It's just the latest in a number of cases involving whistle blowers.  Their numbers are  growing as new programs aimed at reducing fraud on Wall Street are up and running. But some still pay a price for doing good. Jim Holzrichter is one of them. Federal agent Richard Zott came to his house after Holzrichter found  irregularities with his employer, a defense contractor. Zott had heard about it and said he wanted to talk.

 “I told him that if he had information and he wasn’t going be cooperative, that I would be coming to see him the next time with handcuffs,”  says Zott.  FULL POST

In war against fraud, whistleblowers on front lines
Whistleblower Jim Holzrichter with Richard Zott, the former federal agent who worked on his case.
October 25th, 2012
08:59 AM ET

In war against fraud, whistleblowers on front lines

By Libby Lewis, CNN

(CNN) - Whistleblowers are a hot item these days as new programs aimed at reducing fraud on Wall Street are up and running.

They’re building on a long tradition of laws that let people call out corporate wrongdoing and get rewarded for it.

But while some people win big, a lot of people pay a bigger price for doing good.

Jim Holzrichter’s story would cause many to ask: Who would do such a thing to themselves and their family? Why would anyone stick out his neck and go through hell to call out wrongdoing? FULL POST

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Filed under: Justice • Stories
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