August 21, 2014
Posted January 26, 2016
Bank of America agreed as part of its record-breaking $16.65 billion mortgage fraud settlement to pay $245 million for failing to inform investors during the financial crisis about known uncertainties to future income from its exposure to repurchase claims on mortgage loans. SEC
Tagged in: Accounting Fraud, Financial Institution Fraud, Housing and Mortgage Fraud, Misrepresentations, Securities Fraud,