Banking
Nov. 7, 2012
Bank of America's big hustle
The federal government's recently-filed suit against Bank of America reveals some disturbing practices employed by the iconic bank. By Joseph Cotchett and Aron K. Liang of Cotchett, Pitre & McCarthy LLP
Few people realize that the False Claims Act was passed back in 1863 under President Abraham Lincoln to stop pervasive fraud by unscrupulous contractors who were selling faulty rifles, ammunition, horses and mules to the Union Army. Since then, the False Claims Act (FCA) has been used only in egregious cases and few, if any, individuals have ever gone to jail.
In the early 1900s, the FCA picked up steam and while the...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In