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$8M Deal Over BofA Ponzi Scheme Approved After Delay

By Daniel Siegal ( April 24, 2014, 5:26 PM EDT) -- Bank of America Corp. won approval Thursday of its $8. 2 million settlement of a class action alleging it facilitated a $20 million real estate investment Ponzi scheme, when a California federal judge said the concerns about incentive awards that led him to delay approval were resolved. . . .

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