#RHONJ Jim Marchese Scores $8.5 Million in Bank of America Whistleblower Payout!

Posted on Apr 24 2015 - 3:50am by BeachSpin

Jim Marchese_RHONJ

Jim Marchese, along with wife Amber, busted onto the reality TV scene during last season’s installment of “The Real Housewives of New Jersey.” Jim successfully upstaged the prison bound Giudice headliners, and finished the season as the most polarizing and talked about character of the season.

READ: PHOTOS: Amber & Jim Marchese Enjoy Family Night Out In NYC

Off camera, he is considered a serial whistleblower, and has a penchant for taking fraudsters to court, according to a report in The Wall Street Journal.

READ: Jim Marchese Says Teresa Giudice Should Not Return To The #RHONJ After Prison

Jim owns a local New Jersey mortgage firm, called ‘Mortgage Now’ and last year helped the Justice Department win a $16.65 billion settlement with Bank of America. In the legal battle against Bank of America, the bank was accused of bad mortgage investments that led to the financial crisis. Marchese reportedly pocketed a cool $8.5 million for tipping off the government, but asserts that the money is not his motivation.

“I’m trained as an attorney, I’m Sicilian, and I’m from New Jersey,” Marchese told the Journal, “If I see you kick a puppy, I’m going to say something. It’s not within me to not say something.”

Marchese also blew the whistle on his former employer in 2007, a pharmaceutical firm that defrauded Medicare. According to the Journal, Marchese scored $1.6 million for his tipster efforts.

READ: Jim and Amber Marchese School Twitter On Teresa Giudice: Her Prison Sentence Is Not A Tragedy!

Bravo viewer opinion varies widely when Jim Marchese’s name is bantered about, but most would agree that “saying something” is definitely his strong suit. There has been no word yet on the possible return of the Marchese couple to Bravo reality show, but Jim Marchese makes an impact on or off camera.

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About the Author

I am a coastal girl who loves the outdoors, and writing about the sneaky and silly side of reality TV. My bio is short, but my snark is endless, and I love writing for the sharpest posters in the world. Follow me on Facebook

  • Chloe

    This is why I like Marchese. He knows how to rile up the fanatic freaks and is extremely bright. Kudos to Jim for pulling of this huge score. Joe Gorga could learn a thing or two from Jim.

    • carefreemama

      You’re right….Joe Gorga could learn a thing or two from Marchese…..however, he’s not bright enough to execute…IMO!

      • Vince Foster, Jr.

        If Melissa ever leaves Joe, she will have to pay him support.

        • Bad Barbie

          Not if she is depending on her singing career.

        • ItsTurtleTime

          How do you make that out? Joe is supporting his family by working hard.

    • side of Sour Cream

      Jimbo/Bimbo is a weasel. He may as well be living in little joey gorga’s walls paying their beavers some rent.

    • Ditto!

      Hi Chloe! 🙂

    • Birdie

      BINGO.

    • ItsTurtleTime

      Like how to be a massive pussy? How bright is it to get in someone’s face and then the second they square up to you you run crying that you’ll sue them if they lay a hand on you? ON CAMERA? How his wife ever slept with him again after that pathetic display is beyond me.

  • WaWaWaWHAT!

    2 payouts…I ain’t mad at him!

    The Marchese’s BETTER be back next season, that’s the ONLY way I would watch! I’m sick of Bravo catering to Criminal Teresa!

  • side of Sour Cream

    Ummm… wasn’t it just a few minutes ago we were reading that precious smart and strong Amber had tit cancer again? I thought the TAKING OF THE BREAST was the story, not Jimbo taking more money ??? $$$

    • cait

      This slug, pseudo-HW doesn’t like her Wifeband taking all the limelight in front of camera or media !
      Whatever the slug is up to, it’s still a low-life criminal who got lucky !

      • side of Sour Cream

        Exactly cait! Now let’s watch for the next Tim Tebow “kisses to the sky” kneel down in a horse boarder’s driveway somewhere in Jersey.

        What a jackass.

        • ItsTurtleTime

          jackass – couldn’t have put it better myself.

  • saw_that_coming…

    He is an OBNOXIOUS a–hole

  • WestCoastFeed

    The self-absorbed scumbag spent the day yesterday basking in his twitter glory and trolling the internet for mentions of this year-old “triumph.” Did he mention Amber’s cancer scare yesterday at all? Not that I noticed. What a worm!!!!

    • Trippinhhard

      WCF you know Jim is all about getting attention for hisself. Cancer is not a joke and he bragging about money.. Nice husband isn’t he? He’s a worm, that found a way to beat the system, by their terms, he is a lawyer.

    • He Retweeted about Amber’s Cancer several times. My God Wcf….dragging Amber’s Cancer into this is a bit much. Smh!

    • Birdie

      They are in a waiting game…it is a horrifying period, nothing wrong with focusing on the positive right now.

      • Bad Barbie

        Jim is too stupid to realize all the negative shyte that comes out of his mouth. Has it occurred to him that karma is a reminder of what a bish you’ve been? His poor wife may be the vessel for his karma.

    • Bad Barbie

      Has anyone seen the way Jim speaks to his female followers and cast mates? He doesn’t seem to have much respect for women and think he is too fricking bright for the night.

      • WestCoastFeed

        He is so full of himself. He calls himself a Christian and then brags that he teaches his children to return cruelty with cruelty.

        • Bad Barbie

          Then he wonders why his wife is yet scared for her life again? One thing life has taught me is that what goes around comes back around.

  • Norrth

    It’s the gift of the Guidices. Every person they’ve been on screen with has had some huge success, as they were on their way down. They are like bad pennies that bring luck – to everyone but themselves. Weird how that happens. 😉 Just kidding.

  • Woohoo! Awesome job Jim. Not a bad way to make a living.

    • WestCoastFeed

      It’s old news. He tried bragging about this during the reunion shows. And his company was awarded the money, not Jim himself.

      • Yes, it’s old news but I believe it’s now official and he is allowed to talk about it to the press. Personally, with all the stress his family is under, I’m happy for them.

        • WestCoastFeed

          Have you seen the video that WSJ put out? Same old self-absorbed, smug Jim. He’s impossible.

          • I saw the video but you know I don’t view Jim as you do. I didn’t find him smug just his usual witty self. I did see Andy Cohen take an unnecessary swipe at him in Twitter. Smh.

          • WestCoastFeed

            Andy commented on what he saw. And he saw Jim “blabbering” about Teresa.

          • Andy was rude and looking for attention. Andy could care less about Teresa. He was just trying ti rile up the Trehuggers and his timing was incredulous.

          • Bad Barbie

            Andy needs attention? He’s the HBIC at Bravo.

          • Andy no longer works for Bravo. He’s just a consultant to them and yes, Andy (the Narcissist) loves messy drama/attention.

          • ItsTurtleTime

            ‘just’ a consultant. Sure. You know so much.

          • RonnieIsBack

            Not anymore….

          • ItsTurtleTime

            Timing can’t be incredulous as timing cannot express emotion.

          • 900009

            I agree with you..Jim says whatever he wants, Bravo and the fake diva HWs be damned

          • Thank you! Andy can’t deal with a hubby from the show being so vocal and honest. I find Jim rather refreshing . Glad he’s on the show.

          • ItsTurtleTime

            Vocal and honest?! He’s rude, obnoxious, has an ugly personality, loves throwing his friends under the bus, is sexist, overbearing, boring and a twerp. And he’s a proven liar.

          • twifan2

            ♫ ♪ Let me entertain you! & we’ll have a real good time!♬ ♪
            http://i.imgur.com/exVEtZW.gif

          • WestCoastFeed

            There you go, he’s perfect for Dancing with the Stars.

    • RonnieIsBack

      I know that’s right.

    • ItsTurtleTime

      Hi Jim!

  • undergroundrailroadtrain

    Good for him! Now will he take that money and donate it to all the people who took that fake cancer drug he was peddling? *crickets* BTW is he a lawyer yet? Last I heard he hadn’t taken the bar exam. At this rate party boy Craig will be a lawyer before him.

    • WestCoastFeed

      He passed the bar exam in 2013. Of course he graduated from law school in 2001. Why the long interval? Or how many times did he try before he passed? And he has not passed the ethics committee review yet. so he is not yet a lawyer.

      • Vince Foster, Jr.

        I think it’s his knowledge of the mortgage business that helped him out this time.

        • WestCoastFeed

          Yes, there are things in his past. His messy divorce for one.

          • Bad Barbie

            What I find comical is the way he amps shyte up. He was the person to tip the gov about banks? LOL

            Remember he was assisting the Attorney’s General too?
            Remember he is a trained lawyer with the highest IQ in NJ?
            Remember he blew the whistle on the pharma co? (but only after he let them rock for years)

            He’s a scam!

            And I hate to say this but bad things happen to good people but we don’t look at who’s around. Jim may be too far up his ass to realize that his wife’s health issues may be life sending him bad energy back. Karma is really real and a true reminded of how much of a bish you’ve been.

          • WestCoastFeed

            I well remember all the self-aggrandizing comments he has made Here’s another underhanded thing he did. This was back during his contested divorce with wife one. One of his boys was ill and Jim tried to pick him up from school claiming that he had been given custody. The principal looked at the papers and saw that Jim was trying to pass of his petition to the court for custody as though he had been actually granted custody.

          • Bad Barbie

            Typical schemer.

          • WestCoastFeed

            Or you can read about the time he had his son lie to the investigators and say that his mother had installed a stripper’s pole in her basement.

          • Bad Barbie

            WHEEEEEEEETTTT????

          • WestCoastFeed

            Or that his ex got a restraining order against him because of the abusive emails he had sent her. And the multiple twitter accounts Amber had created to send her abusive tweets.

          • cait

            He also produced an email, that he sent to the boss of the pharma firm, sneering about how he had fraudulently snuck the fake cancer drugs onto the approved Govt. list so Medicare would pay up ! That should have been enough to put his bony, lying ass in jail !

      • Bonnie Akers

        If he ever passes the ethics review it will be a sad sad day for the world

  • Bad Barbie

    If you don’t realize that Jim is just a soft snitch and a sophisticated criminal you have issues. Jim was well aware of what he was doing with the cancer drug co. Seems like he sits there giving rope to hang and pulls it at the right time. Set ups to cash out. That is no redeeming quality to be quite honest. He’s just a schemer disguised in sheep’s clothes.

    Was his company “awarded” for “tipping” the Gov on BOFA issue or where they paid for their services or recovered losses? Those are 3 different things. Jim is a very small fish in the scheme of banking and finance.

    Jim plays the semantics game to make himself sound smart, essential and influential. He said he worked with the Attorney’s General. The gov denied this, btw. he came on the show making it sound like he was assisting the gov in prosecuting the Giudices, then clarified that his company assists the gov with information about mortgage fraud. Now he is saying he was the person who blew the whistle on the subprime mortgage crisis? LOL he loves to embellish his stories. You are “trained” as an attorney BUT YOU ARE NOT! Next!

    Napoleon complex.

  • DSS

    The only FACT that I know about this guy is that if he said to me blah blah blah you dumb mutha F*****, like he did to Joe Gorga and I dont know this guy? And he leans in and says it close to me???? Fake lawyer or no fake lawyer, he goes to sleep. And I am NOT taking Joe Gorga’s side cause….. well you know
    This guy Jim is a scumbag with his past and the cancer drug he peddled.

    At some point I see Bravo needing to make HUGE changes or they will lose LOTS of numbers.

    • Bad Barbie

      LMAOOOOOOOOOOO I Love you!

  • 900009

    Loved Jim cause he called out Dina..

    • cait

      I saw Dina taking out Jim and chucking him out of the house after his comments about Santa and Rino !

      • Cait…..let it go. The family is going through enough. Thanks.

        • cait

          Sorry Doc, just pointing out that no one has had a bad word to say about poor Amber, God Bless her !

          • candy

            back peddaling yet again!

          • No worries, Cait.

  • twifan2

    Go Amy! 😀

    • WestCoastFeed

      There he is to a T Everyone’s favorite dweeb in a sweater vest.

  • WestCoastFeed

    Damn! Amber’s cancer is back. This is sad news.

    • Dave

      Can it. Don’t post this after you crapped all over Jim and Amber. Be honest, you don’t care either way.

      • cait

        This not true ! All darts have been aimed at Jim !

  • RonnieIsBack

    Congrats to them on the win.
    Sad that her cancer has returned.

    • Hey boo! Very sad 🙁

    • WestCoastFeed

      And she attacked the first occurrence so aggressively. She will fight this again. I’ve lost two good friends to breast cancer and have seen over the years how treatments have improved.

    • equinox2009

      I am very sorry to hear this news. I thought she had a double mastectomy and reconstruction. I wish God’s blessings to her and her family