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Tuesday
Mar152011

Hacker Group Discloses Alleged Bank of America Mortgage Fraud

Davis Turner/Getty Images(CHARLOTTE, N.C.) -- Bank of America, the nation's largest bank, was put in the position of defending itself Monday when someone from a hacker group calling itself "Anonymous" posted e-mails, allegedly from a former BOA employee who accused his old employer of keeping regulators from seeing foreclosure information.

The e-mails from an unidentified person who worked for Balboa Insurance, a mortgage and car insurer obtained by BOA, show that employees were instructed to change mortgage loan information in such a way that it could presumably be used to unjustly increase foreclosures among its clients.

Anonymous posted the e-mails on the website BankofAmericaSuck.com.

BOA fired back Monday, accusing the former Balboa employee of pilfering documents, adding "he will not be able to substantiate his outlandish assertions."

In the meantime, the bank continues its anxious wait for WikiLeaks founder Julian Assange to come through on his threat to publish thousands of classified and potentially damaging documents about a major bank, which everyone has come to assume is BOA.

Copyright 2011 ABC News Radio







ABC News Radio