U.S. seeks $2.1 billion from Bank of America in fraud case

Jan 30, 2014 Full story: The Hartford Courant

The U.S. government has raised the amount it is seeking in penalties from Bank of America Corp to $2.1 billion after a jury found the bank was liable for fraud over defective mortgages sold by its Countrywide unit.

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Since: Nov 13

Sydney, Australia

#1 Jan 31, 2014
What about the US Govt seeking a few billions from the fraudster eBay for all the auction fraud that they knowingly facilitate on their consumers?

Shill bidding fraud by professional sellers on eBay "nominal-start" auctions is demonstrably endemic; bidders who bid early and often on such auctions will most likely be sellers' shills, and eBay Inc. is - also demonstrably - the greatest knowing and calculated facilitator of such massive fraud on consumers that the world is ever likely to know and, doubtless, there will be a trickle down effect of like criminal activity to other eBay operations ...

The ugly reality of eBay Inc.:
eBay's crooked auctions marketplace ... http://bit.ly/11F2eas
eBay Motors (UK sampling): Auction Fraud Galore ... http://bit.ly/I2gTEU
eBay Motors XSS Redirect Scam in Action: video ... http://bit.ly/1d46NvE
eBay's clunky, unscrupulous "PreyPal" ... http://bit.ly/UVXx53
The ongoing joke of eBay Inc.... http://bit.ly/YvxFEg
Fun quotes from the eBay executive suite ... http://bit.ly/12xvzyA

The only thing that surprises me about this greedy, lazy, utterly unscrupulous corporation is that it has not yet summoned up the gall to further obscure the endemic shill bidding fraud by converting its auctions wholly to its devious, seller-selected, "private listing" format, or by changing bidding IDs to "Bidder 1", "Bidder 2", "Bidder 3", etc, as they initially were going to do/did when Donahoe first introduced the additional layer of anonymity for (shill) bidders in 2008, nor - surprisingly - have they yet ceased to publish the details of "completed" listings, a post-sale analysis of which, with some effort, can clearly demonstrate this endemic fraud and eBay's calculated facilitation thereof ...

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