9th Circ. Boots Bank Fraud Convictions In BofA Case

By Richard Vanderford ( September 13, 2010, 5:06 PM EDT) -- Wholly owned Bank of America subsidiary Equicredit Corp. is not a "financial institution" for the purposes of criminal bank fraud laws, a federal appeals court has ruled, overturning part of a jury's verdict against a property flipper. . . .

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