Hi there,

Independent media is more important than ever. Speaking up and telling the truth is becoming increasingly dangerous. Because we are only sponsored by you—not by governments or corporations—we can continue to bring you courageous journalism in a landscape filled with disinformation. If every person who came here for news this month gave just $15, we would be fully funded for a year. Thanks to a group of generous donors, all donations today will be TRIPLED, which means your $15 gift is worth $45. If you believe that freedom of speech and freedom of the press are essential to the functioning of a democratic society, please donate today. Every dollar makes a difference. Thank you so much.

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Bank of America, Ex-Execs Indicted on Civil Fraud Charges

HeadlineFeb 05, 2010

Bank of America and two of its former executives have been indicted over allegations of lying to investors about bonus payouts and the 2008 acquisition of investment bank Merrill Lynch. On Thursday, federal and state regulators filed civil fraud charges against Bank of America, as well as former chief executive officer Ken Lewis and chief financial officer Joseph Price. The bank is also accused of misleading government officials by threatening to abandon the Merrill Lynch deal without billions of additional bailout money. The move marked the broadest legal action to date against a leading bank involved in the nation’s financial crisis. Bank of America has already settled some of the charges with a $150 million fine.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top