Bank Of America Employee Charged With Taking At Least $1M In Bribes To Rig Short Sales

Bank Of America Employee Charged With Taking At Least $1M In Bribes To Rig Short Sales

Between homeowners eager to get out from underwater mortgages and real estate speculators looking to scoop up below-market properties, there are a lot of people out there eager to grease the wheels to make a short sale happen. And federal authorities say one now-former Bank of America employee accepted at least $1 million in bribes to improperly approve short sales and falsify bank records. [More]