Rus News Journal

Have heated up on lie

eks - heads Bank of America accuse of swindle

the General public prosecutor of New York Andrew Kuomo has submitted the statement of claim for charge in swindle to the former general director Bank of America Kenneth Lewis and the former director for Joseph Prajsa`s finance. The American newspaper Boston Globe informs on it. The top - to managers of bank is blamed introduction of investors in error concerning bank Merrill Lynch losses at purchase of actions of titan Uoll - strit.

At the moment of the transaction losses Meryll Lynch made 16 mlrd dollars. The valid size of losses became known only while the bank has made an application on granting to it to the state help at a rate of 20 mlrd dollars. Management BofA threatened to leave the transaction on purchase Meryll Lynch. Thus, charge believes that managements BofA intentionally held back and used losses Meryll Lynch for state help reception. For the needs the bank has involved 25 more mlrd dollars of losses.

the Office of Public Prosecutor of New York has brought the action after the Commission on securities (SEC) the USA has informed that has settled all questions with bank. The bank has paid to regulators the penalty at a rate of 150 million dollars. Within many months lawyers of bank carried on negotiations with office Kuomo, trying to avoid charges of concrete employees. In bank was considered that has been made enough: Lewis has left in the end of 2009, and the Price has passed to other post on which its role in dialogue with investors has considerably decreased. As a result on Wednesday heads of bank counted that agreements with Kuomo though the source close to the public prosecutor, has declared can reach that all negotiations have been stopped more weeks ago.

Maxim Shahov


the Former employees Bank of America have deceived investors