Forbes -Bank Of America Sold $850M In ‘Toxic Waste’ Mortgage Securities: DoJ – 7 August 2013


8/06/2013 @ 4:08PM

Bank of America BAC -1.91%‘s legal troubles just got more complicated today as US regulators accused it of fraud over mortgage securities.

The SEC and Department of Justice filed a civil suit today against BofA claiming the bank defrauded investors when it sold mortgage securities backed by more than $855 million in residential mortgages.

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