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Ex-BofA chief Lewis charged with fraud

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mises

Joined: 05 Nov 2007
Location: retired

Posted: Thu Feb 04, 2010 2:16 pm Post subject: Ex-BofA chief Lewis charged with fraud

Quote:

NEW YORK (CNNMoney.com) -- New York Attorney General Andrew Cuomo said Thursday it was bringing civil charges against senior Bank of America executives, including former company CEO Ken Lewis, for their role in the company's controversial purchase of Merrill Lynch.

Separately, the Securities and Exchange Commission said it had struck a $150 million settlement agreement with BofA over its decision to pay billions of dollars in bonuses to former Merrill employees.

http://money.cnn.com/2010/02/04/news/companies/bank_of_america/index.htm

http://globaleconomicanalysis.blogspot.com/2010/02/former-bank-of-america-ceo-ken-lewis.html

http://www.zerohedge.com/article/andrew-cuomo-file-civil-securities-fraud-charges-against-ken-lewis-and-bofa-cfo-joe-price-ev

This is a good start.

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