Anonymous Leaks Bank of America Emails on Foreclosures

Months after Wikileaks founder Julian Assange promised to

post documents from a major financial institution, a member of Anonymous

released e-mails allegedly related to Bank of AmericaÂ’s foreclosure practices.

The e-mails were provided by a former Bank of America

employee who claimed the bank withheld critical information from regulators and

sensitive data was deleted. A twitter account called Anonymous@OperationLeakS

announced the release of the e-mail messages on the site,

bankofamericasucks.com, shortly after midnight Eastern time on March 14.

An anonymous representative, who had not read the messages

but had been briefed on the contents, told Reuters the e-mails addressed “whether

Bank of America has improperly foreclosed on homes.”

The e-mails are allegedly exchanges between employees at

Balboa Insurance, a unit Bank of America acquired as part of its Countrywide

Financial acquisition in 2008. Balboa dealt with ”lender-placed insurance,” or

insurance policies taken out by lenders paid for by the mortgage holder. Bank

of America is in the process of finalizing the $700 million sale of Balboa to Australian

insurer QBE Insurance Group.

Some of the e-mails hint at an organized effort to tamper

with loan numbers and audit trails, such as a conversation between two Balboa

employees regarding an ”unusual” request to remove document tracking numbers

from the system so that documents could no longer be correlated to specific

loans, according to the BBC

and New

York Times, who examined the messages.

The approval was given to remove loan numbers from

documents, the New York Times reported.

For more, read the eWEEK article: Bank of America E-mails Leaked by Anonymous.

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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