BOA admits antitrust activities as Justice Department prepares to launch massive investigation

THIS IS THE TIP OF THE OF THE ICEBERG. BOA  VOLUNTARILY ADMITTED WRONGDOING TO THE DEPARTMENT OF JUSTICE WHO WAS PREPARING AN INVESTIGATION, IN ORDER TO GET LEINENCY FOR IT’S antitrust activities in the municipal bond derivatives industry.

A Bank of America billboard dominates a street corner in Times Square in New York City. US banking giant Bank of America has admitted it committed fraud in the bond derivatives market and will pay 137.3 million dollars in damages, the government said Tuesday.

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