DETROIT — An Arab American man who was fired after cooperating with FBI and IRS investigators into suspicious cash transfers was awarded $500,000 by the JP Morgan Chase & Company in a wrongful termination case, a Friday press release from his attorneys said.
The award includes large percentages that went to the attorneys themselves.
The 34-year-old Arab and Muslim American former manager at Chase’s Southfield and Warren branch in Detroit, was fired in 2017 after cooperating with FBI and IRS agents under Michigan’s Whistleblower Protection Act.
He was first approached in February 2017 to help investigate suspicious cash transfers from the bank to overseas account, and later fired after the bank learning about the meeting.
The man, a native of Dearborn, reported suspicious transfers of large amounts of money from the bank to the Middle East beginning in 2014. He repeatedly reported them to Chase management.
He also successfully charged the bank with racial and religious discrimination under provisions of the Elliot Larsen Civil Rights Act, the press release said.
His attorneys successfully argued that Chase has repeatedly been sanctioned by the U.S. Justice Department for failing to properly file Suspicious Activity Reports (SAR), including a $1.7 billion sanction involving Bernie Madoff’s infamous Ponzie and money-laundering schemes. Chase refused to confirm or provide any SAR reports that may have been filed as a result of his findings.
Arbitrator Bryan H. Levy, a former judge assigned to arbitrate the case, found that Chase’s decision to terminate him was based on his “status as an Arab American and/or Muslim.”