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IPFS News Link • Corruption
BofA's Countrywide sued, accused of massive fraud
• ReutersAccording to the complaint, the investors bought hundreds of millions of dollars of Countrywide securities from 2005 to 2007 that they thought were "conservative, low-risk investments."
The investors said Countrywide misrepresented the securities' safety in offering documents and elsewhere, and compromised their investments by ignoring its underwriting guidelines.
1 Comments in Response to BofA's Countrywide sued, accused of massive fraud
Where is Angelo Mozilo now ????? How big does the fraud need to be, for these banksters to go to jail ? send them all to tent city !!!!