On February 28, DOJ announced a $149.5 million settlement with Deloitte & Touche LLP to resolve potential False Claims Act liability arising from Deloitte’s role as the independent outside auditor of Taylor, Bean & Whitaker Mortgage Corp. (TBW), a failed originator of mortgage loans insured by the Federal Housing Administration (FHA) in the Department of Housing and Urban Development (HUD). TBW had allegedly been engaged in a long-running fraudulent scheme involving the purported sale of fictitious or double-pledged mortgage loans. DT issued audit reports for TBW for fiscal years 2002 through 2008. DOJ alleged that Deloitte’s alleged audit failures caused the firm to fail to detect TBW’s fraudulent conduct and that the financial statements were materially false and misleading.
About Briglia Hundley®
Briglia Hundley® was founded in 1993 and practices throughout the mid-Atlantic region. Our practice features attorneys listed as “Legal Elite” by Virginia Business magazine, named to Super Lawyers, and listed in Best Lawyers.
We are a forward-thinking law firm that relies upon our experienced and energetic attorneys to meet the legal needs of our clients reliably and responsibly in Virginia, Maryland, and the District of Columbia.
Briglia Hundley represents individuals and corporations throughout the Mid-Atlantic region, including Alexandria, Annandale, Arlington County, Ashburn, Burke, Centreville, Chantilly, Clifton, District of Columbia, Dulles, Fairfax County, Falls Church, Great Falls, Herndon, Leesburg, Loudoun County, Manassas, Manassas Park, McLean, Middleburg, Montgomery County, Oakton, Prince George’s County, Prince William County, Reston, South Riding, Springfield, Sterling, Tysons Corner, Vienna, Winchester and Woodbridge.
