What is “The Bank of America investor fraud of 850 million US dollar” for the reason The US Government on 7 August 2013 sued the Bank
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eAnswers Team
According to the news it has been found that the US Government on 7th August 2013 has sued the Bank of America for the alleged fraud during the time of financial crisis. The bank has been alleged for the investor fraud in the sale of 850 million US dollars which is worth of residential mortgage-backed securities.