Violation Tracker Individual Record
Company:
Bank of America
Current Parent Company:
Bank of America
Penalty:
$13,000,000
Year:
2016
Date:
October 25, 2016
Offense Group:
competition-related offenses
Primary Offense:
fraud
Violation Description:
Bank of America agreed to pay the District $13 million to settle a lawsuit over the bank's role in a fraudulent tax refund scheme that took place while the institution served as the District's depository bank.
Level of Government:
state
Action Type:
agency action
Agency:
District of Columbia Attorney General
Civil or Criminal Case:
civil
Facility State:
District of Columbia
Facility City:
Washington
HQ Country of Parent:
USA
HQ State of Parent:
North Carolina
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
