Law & Crime Breaking News: U.S. Accuses Bank of America of Mortgage-backed Securities Fraud

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Law & Crime Breaking News: U.S. Accuses Bank of America of Mortgage-backed Securities Fraud

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Law & Crime Breaking News: U.S. Accuses Bank of America of Mortgage-backed Securities Fraud

by Wochit 1:18 mins

Law & Crime Breaking News: U.S. Accuses Bank of America of Mortgage-backed Securities Fraud

by Wochit 1:18 mins

The U.S. Justice Department said it had filed a civil lawsuit in U.S. District Court in Charlotte, North Carolina, against Bank of America for what government lawyers said was a fraud on investors involving $850 million of residential mortgage-backed securities. Major Nidal Malik Hasan began his court-martial for the Fort Hood massacre in 2009 with brief statements that highlight the complexities of his case. Hasan, acting as his own attorney countered prosecutors' detailed portrait of the attack with a simple statement: "The evidence will clearly show that I am the shooter." Hasan wanted to plead guilty to several counts of murder and attempted murder, but military rules prevent guilty pleas in death-penalty cases. The Army psychiatrist accused in the 2009 shooting rampage at Fort Hood targeted fellow soldiers in a meticulously planned attack that included stockpiling bullets and researching Taliban leaders calling for jihad, a military prosecutor said during the opening day of the long-awaited trial.

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