Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Bank of America
Current Parent CompanyBank of America
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $13,502,852
Year: 2010
Date: August 19, 2010
Offense Group: competition-related offenses
Primary Offense: fraud
Violation Description: The Contracting Officer for the Office of the Chief Financial Officer ordered Bank of America to pay the District $13,502,852 for breach of contract. This decision arose out of a fraud scheme in which a Bank of America Assistant Manager in concert with a former employee of the District's tax office, and other Bank employees cashed or deposited fraudulent checks created by a corrupt District employee. All of the checks were drawn on a District account with Bank of America.
Level of Government: state
Action Type: agency action
Agency: District of Columbia Attorney General
Civil or Criminal Case: civil
Facility State: District of Columbia
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.