Latest Legal News: B of A - Textbook Fraud and Fragile Settlement?


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Bank of America's Woes: Textbook Fraud and Fragile Settlement?

The email trail detailed by Attorney General Cuomo in the fraud indictment against Bank of America (BAC) and former CEO Ken Lewis suggests B of A executives misled the board of directors and shareholders with a brazen disregard for their well-being. Their actions evoke the way the big banks issued garbage mortgages and sold them to investors as gold.