Bank of America - American federal prosecutors filed a $1 billion civil lawsuit against Bank of America for mortgage fraud under the False Claims Act
Time: Wednesday Oct 24, 2012
Place: U.S.
Details: On October 24, 2012, American federal prosecutors filed a $1 billion civil lawsuit against Bank of America for mortgage fraud under the False Claims Act, which provides for possible penalties of triple the damages suffered. The government asserted that Countrywide, which was acquired by Bank of America, rubber-stamped mortgage loans to risky borrowers and forced taxpayers to guarantee billions of bad loans through Fannie Mae and Freddie Mac. The suit was filed by Preet Bharara, the United States attorney in Manhattan, the inspector general of FHFA, and the special inspector for the Troubled Asset Relief Program.
Related
Near
Bank of America-Bank of America was sued for $10 billion by the American International Group
Aug, 2011 - U.S.
Bank of America-Bank of America agreed to pay $335 million to settle a federal government claim that Countrywide Financial had discriminated against Hispanic and African-American homebuyers from 2004 to 2008
Dec, 2011 - U.S.
Bank of America-Bank of America announced it would reduce its financial exposure to coal companies
Wednesday May 6, 2015 - U.S.
Bank of America-BofA settled out of court for $2.4 billion in a class-action lawsuit filed by BofA shareholders who felt they were misled about the purchase of Merrill Lynch
Sep, 2012 - U.S.
Bank of America-It was announced that the five largest mortgage servicers agreed to a historic settlement with the federal government and 49 states
Thursday Feb 9, 2012 - U.S.
On This Day - 24 October
Mamluks-Baibars was the fourth Mamluk Sultan of Mamluk
Sunday Oct 24, 1260 - Cairo, Egypt
Xinhai Revolution-The Second Opium War
Wednesday Oct 24, 1860 - China
First Sino-Japanese War-The Japanese Crossed The Yalu River
Wednesday Oct 24, 1894 - The Yalu River
First Sino-Japanese War-The Japanese Landed on The Coast Liaodong Peninsula
Wednesday Oct 24, 1894 - Liaodong Peninsula, Liaoning, China
Second Boer War-Battle of Driefontein
Thursday Oct 24, 1901 - South Africa
24 October 2012
Ford-Closing in Genk
Wednesday Oct 24, 2012 - Genk, Belgium
Bank of America-Top federal prosecutor in Manhattan filed a lawsuit alleging that Bank of America fraudulently cost American taxpayers more than $1 billion
Wednesday Oct 24, 2012 - New York City, New York, U.S.
October 2012
Mark Zuckerberg-Visited Russian Prime Minister
Monday Oct 1, 2012 - Moscow, Russia
Huawei-Huawei Moves its UK headquarters
Oct, 2012 - Reading, Berkshire, England
Visa Inc.-Headquarters in Foster City, California
Monday Oct 1, 2012 - Foster City, California, U.S.
Facebook, Inc.-Facebook Had One Billion Monthly Active Users
Oct, 2012 - Menlo Park, California, U.S.
Facebook, Inc.-Facebook's Monthly Active Users Passed One Billion
Oct, 2012 - Menlo Park, California, U.S.
2012
Tony Hawk-A trip to India
2012 - India
BMW-BMW began sponsoring Independent Collectors production of the BMW Art Guide
2012 - Munich, Germany
BMW-BMW had returned to ’The Ultimate Driving Machine’
2012 - Munich, Germany
BMW-BMW-owned subsidiary Alphabet began a corporate car-sharing service
2012 - Europe
Halimah Yacob-Miniser of Social and Family Development
2012 - Singapore