Justice Department sues Bank of America over mortgage-backed securities fraud

By Reuters
Tuesday, August 6, 2013 15:56 EDT
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Attorney General Eric Holder
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WASHINGTON (Reuters) – The U.S. Justice Department on Tuesday said it had filed a civil lawsuit against Bank of America for what government lawyers said was a fraud on investors involving $850 million of residential mortgage-backed securities.

The government filed the suit in U.S. District Court in Charlotte, North Carolina, the Justice Department said in a statement.

(Reporting by David Ingram; Editing by Gary Hill)

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