Wednesday, December 8, 2010

Bank Of America Admits Massive Fraud Gets Slap On Wrist

Bank of America Corp. on Tuesday settled with the Securities and Exchange Commission, the Internal Revenue Service, the Federal Reserve, 20 state attorneys-general and other regulators over charges of rigging bids for investments in municipal securities, agreeing to pay $137 million to authorities.

“The conduct was egregious — in return for business, the company repeatedly paid undisclosed gratuitous payments and kickbacks and affirmatively misrepresented that the bidding process was proper,” said Robert Khuzami, SEC director of enforcement.

3 comments:

  1. DOES THIS SETTLEMENT ELIMINATE CIVIL ACTION?
    THIS COULD COST A FEW MORE $$$ ??

    ReplyDelete
  2. A slap on the wrist like this is a technologically marvelous feat by the blind SEC ,after all the bank has its hands in Americas pockets so deep it would be hard to find their wrists .

    How did the SEC pull it off ,after all the SEC must be acting blind, as it has been so so busy for years at its task of non-regulation of ponzi and other frauds by ensuring it is not ,never ever ,seeing corrupt things in gods work ,that it has hidden its own head up its own ass for its own privacy while viewing porn .

    So how did they do it?

    ReplyDelete
  3. b of a is a criminal cartel mafia, protected by the corupt govt of the usa

    ReplyDelete

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