August 21, 2014

Bank of America Corporation

Offering Fraud

SANCTION AMOUNT: $225,060,000

Defendants: Bank of America Corporation

Part of global settlement of $16.65 billion, this sanction related to Respondent's conduct with respect to RMBS, particularly an offering in 2008 that Respondent allegedly failed to disclose was more than 70 percent comprised of wholesale channel loans, otherwise known as "toxic waste."

Thank you for submitting some email to us.