A federal jury has found Bank of America liable for one count of civil fraud in the sale of toxic mortgages. Prosecutors had accused Bank of America of executing a scheme that would blindly hand out mortgages without proper checks and then turn around and sell the toxic loans to the government-controlled Fannie Mae and Freddie Mac. While Bank of America reaped a windfall, Fannie and Freddie were stuck with huge losses and foreclosed properties. The scheme was known as the “hustle” and originated under the firm Countrywide Financial, which Bank of America took over in 2008. The Justice Department is seeking a fine from Bank of America of more than $848 million.