A former high-ranking employee at nonbank The Change Company CDFI (TCC) filed a lawsuit in California accusing the company of retaliation after he notified executives of employees “mischaracterizing loans” to apparently skirt federal reporting requirements. 

The lawsuit, filed in Orange County, alleges that Adam Levine, the chief of staff to CEO Steven Sugarman, began reporting illegal activity by the company’s employees in February 2023 to Sugarman and other executives and board members. 

However, rather than investigating the complaints, the company’s leadership terminated Levine, he claims. 

A representative for The Change Company and Levine’s attorneys did not return requests for details ⇒

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