Law Practice
Jul. 25, 2008
Los Angeles' Lawsuit Alleges Massive Wall Street Bond Conspiracy
E-mails between Bank of America executives, obtained by the FBI, prove an elaborate kickback scheme existed between banks that conduct bond auctions and the brokers for the city of Los Angeles that allegedly rigged the bidding, according to a lawsuit filed Wednesday.
Daily Journal Staff Writer
This article appears on Page 1
LOS ANGELES - E-mails between Bank of America executives, obtained by the FBI, prove an elaborate kickback scheme existed between banks that conduct bond auctions and the brokers for the city of Los Angeles that allegedly rigged the bidding, according to a lawsuit filed Wednesday.
In the lawsuit...
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