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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.

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On This Day - 24 October

Mamluk lancers
Mamluks-Baibars was the fourth Mamluk Sultan of Mamluk
Sunday Oct 24, 1260 - Cairo, Egypt
Nanjing Road during Xinhai Revolution
Xinhai Revolution-The Second Opium War
Wednesday Oct 24, 1860 - China
First Sino-Japanese War Image
First Sino-Japanese War-The Japanese Crossed The Yalu River
Wednesday Oct 24, 1894 - The Yalu River
First Sino-Japanese War Image
First Sino-Japanese War-The Japanese Landed on The Coast Liaodong Peninsula
Wednesday Oct 24, 1894 - Liaodong Peninsula, Liaoning, China
The Second Boer War
Second Boer War-Battle of Driefontein
Thursday Oct 24, 1901 - South Africa

24 October 2012

Logo of Ford Motor Company - image
Ford-Closing in Genk
Wednesday Oct 24, 2012 - Genk, Belgium
The Bank of America Corporate Center, headquarters of Bank of America in Charlotte
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 Zuckerburg
Mark Zuckerberg-Visited Russian Prime Minister
Monday Oct 1, 2012 - Moscow, Russia
Huawei logo - image
Huawei-Huawei Moves its UK headquarters
Oct, 2012 - Reading, Berkshire, England
Visa Inc. logo
Visa Inc.-Headquarters in Foster City, California
Monday Oct 1, 2012 - Foster City, California, U.S.
Facebook Image
Facebook, Inc.-Facebook Had One Billion Monthly Active Users
Oct, 2012 - Menlo Park, California, U.S.
Facebook Image
Facebook, Inc.-Facebook's Monthly Active Users Passed One Billion
Oct, 2012 - Menlo Park, California, U.S.

2012

Tony Hawk
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2012 - India
BMW logo
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2012 - Munich, Germany
BMW logo
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2012 - Munich, Germany
BMW logo
BMW-BMW-owned subsidiary Alphabet began a corporate car-sharing service
2012 - Europe
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2012 - Singapore
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