I reported here last September about Amy Stroupe’s whistleblower hearing against BB&T bank. While working as an investigator for the bank, she uncovered a $20 million ponzi scheme. A bank official and some developers used a phony land development to recruit customers. After BB&T fired Stroupe, she complained to the U.S. Department of Labor under the Sarbanes-Oxley Act (SOX).
Yesterday, Administrative Law Judge Jeffrey Tureck issued a decision ordering BB&T to reinstate Stroupe, expunge her record, and pay backpay, interest and attorney fees. Judge Tureck rejected BB&T’s claims that Stroupe had released confidential information. He found that she had not been insubordinate, and that the bank’s other claims of grounds for the discharge were nonsensical. Congratulations to Stroupe and her attorneys James, Hoyer, Newcomer, Smiljanich & Yanchunis of Tampa, Florida. BB&T can appeal now to the U.S. Department of Labor’s Administrative Review Board (ARB), but the reinstatement order is not stayed during that appeal.