March 14, 2011

Embarrassing Bank Of America Documents Published

Released e-mails from Anonymous, a hacker group sympathetic to Wikileaks, show correspondence from someone who claims to be a former Bank of America Corp. (BofA) employee.

The e-mails, dating from November 2010, highlight what appear to be employees of a Balboa Insurance, a Bank of America insurance unit, discussing removing documents from loan files for a group of insured properties.

A representative of Anonymous told Reuters that the documents relate to the issue of whether Bank of America had improperly foreclosed on homes. The representative added that he had been briefed on their contents but had not seen the documents as of Sunday.

Consumer groups have accused major US lenders of foreclosing on many homes without having proper documentation in place.

A BofA spokesman said on Sunday the documents were clerical and administrative documents not related to foreclosures. "We are confident that his extravagant assertions are untrue," the spokesman told Reuters.

The release posted by Anonymous also includes correspondence with the former employee, in which he described the bank as a "cult" and explained that the company is currently intending to destroying his career. "I'm well known throughout Bank of America," the former employee said in one e-mail. "They saw to that when they showed everyone my picture and labeled me as a terrorist."


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