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Anonymous Releases Bank of America Emails: Alleged Fraud
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by Jordan Yerman | March 14, 2011 at 08:51 am
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Anonymous Posts Balboa Insurance Employee Emails on bankofamericasucks.com
The group of hackers and activists known as Anonymous has posted a series of emails from a former employee of former Bank of America subsidiary Balboa Insurance (soon to be rebranded as QBE Insurance) on bankofamericasucks.com. The site is very unstable, but you can still reach a cached version. (Bank of America had been buying up derogatory domains, but somehow missed bankofamericasucks)
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The emails, which have not been independently verified, purport to show discussions between Balboa Insurance employees about deleting tracking records from loan documents. This ties into accusations that Bank of America, along with other US lenders, have been foreclosing on homes without proper documentation, and then covering their tracks by obfuscating the paper trail.
The anonymous former employee wrote that Bank of America is knowingly hiding foreclosure information from federal investigators.
Bank of America and Forced-Place Insurance
The former Balboa employee also accuses Bank of America of implementing forced-place insurance on its mortgage holders, attaching costly and unnecessary insurance to existing mortgages without telling the homeowners. Balboa insurance, in these cases, was the forced-place insurance provider.
It has been widely expected that Wikileaks would release documents on Bank of America; Julian Assange had all but confirmed it. This is not that leak, though: Anonymous is not Wikileaks.
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Jordan Yerman
Vancouver, British Columbia, Canada
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at 14:50 on March 14th, 2011
OK..we know the score. Banks are not just negotiating with regulators anymore..they haven't realized it yet--they are really negotiating, as Bank of America's chief so bizaarely put it --in hand to hand combat with a pretty powerful force. This is the good versus evil battle so predicted and foretold. And now..the banks must answer to the public or face not being banks anymore. They might have been able and are still able to manipulate Senators and bribe their way through court systems and steal homes and pension funds..but now..they can't fight the truth. The Truth is Powerful and it will Prevail. Haanel. This is a law. It is the law of truth. Banks must bow to it and acknowledge their errors and pay. If they escape the justice here...what comes may not be palatable. This is their chance at redemption --a reconciliation offering is being made through the AG's and others...and banks must stop their foolish postering and realize there are no legs on their argument--it is truly baseless. The foundation of truth and rightness is in every just claim from every falsely-foreclosed upon homeowner. Banks beware: You have been amply warned. Change your ways. Amend your wrongs.