Happy Holidays indeed for Real Housewives of New Jersey star Jim Marchese and his company Mortgage Now! Remember at the reunion when Jim bragged about bringing in $8.5 million dollars this year alone? Yeah, he was NOT EXAGGERATING, y’all! I know, I had to sit down, too.
It seems that although Jim seemed a little famewhorey and nutty at first, the guy is probably the only one on the show who REALLY is rolling in the dough and can afford to live the lifestyle these shows were meant to portray!
So, how by now we all know that Jim had made $1.6 million several years back for blowing the whistle on the cancer drugs that were bogus. Now, Jim has scored an $8.5 million paycheck for whistleblowing again! This time on Bank of America. Jim’s company was one of four to be included in a massive $170 million payout.
According to the Charlotte Observer, “Mortgage Now filed one of four whistleblower lawsuits that were rolled into the $16.65 billion settlement that the Charlotte bank reached with the U.S. Justice Department in August over the bank’s packaging of mortgage loans into securities, according to court and settlement documents.” Bank of America and Countrywide Financial were double-dipping by submitting reimbursement claims to the Federal Housing Administration for money they had already received from third-party lenders.
The other three amounts went to a former Countrywide Exec who got $57.6 million, a former Bank of American appraisal unit worker received $56 million and another worker who is on leave from the bank landed $48 million. So, Jim’s is peanuts in comparison, but still an impressive amount, nonetheless.
I know Jim was not a fan favorite this season, but what does it say that he and Amber are practically the only ones on the show with real money to speak of? I’m sure the Marcheses are laughing all the way to the bank. Hey! Jim could quit his company and stay home to focus on his other professional endeavor: Tweeting. And boy he can afford a LOT of sweater vests now!
TELL US – DID YOU THINK JIM WAS FULL OF CRAP AT THE REUNION? DO YOU THINK HE’S THE ONLY CAST MEMBER WITH REAL DOUGH?
Photo Credit: Bravo TV