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Ocwen accuses California settlement monitor of fraudulent strip club, casino expenses

As the old saying goes, “There is no honor among thieves.”

Livinglies's Weblog

Claims Fidelity Information Services engaged in ‘fraudulent, abusive billing scheme’

Gavel scales of justice

Fidelity Information Services perpetrated a “fraudulent and abusive billing scheme” and engaged in gross dereliction of duty in its role as the independent monitor of Ocwen Financial’s 2015 settlement with the state of California, Ocwen said in a bombshell lawsuit filed recently.

In the suit, filed in California state court, Ocwen states that FIS made “fraudulent or negligent misrepresentations” in the invoices it sent to Ocwen, claiming that money spent at strip clubs and casinos, among other things, were legitimate business expenses. In its defense, FIS tells HousingWire the lawsuit is baseless, more on that below.

Ocwen also claims that FIS significantly overcharged Ocwen for its monitoring services, including claims that FIS employees worked “implausible amounts of time” on given work days. Ocwen also claims that FIS billed it for “every minute its associates were…

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