US accuses Bank of America of mortgage-backed securities fraud

By REUTERS
August 6, 2013 22:27

 
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WASHINGTON - The US Justice Department on Tuesday said it had filed a civil lawsuit against Bank of America for what government lawyers said was a fraud on investors involving $850 million of residential mortgage-backed securities.

The government filed the suit in US District Court in Charlotte, North Carolina, the Justice Department said in a statement.

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