Foreign | FORECLOSURE FRAUD | by DinSFLA

Tag Archive | "Foreign"

Breaking: The New York attorney general is suing Bank of New York Mellon, alleging fraud in currency transactions

Breaking: The New York attorney general is suing Bank of New York Mellon, alleging fraud in currency transactions


WSJ-

New York’s attorney general sued Bank of New York Mellon Corp. in state court Tuesday, alleging that one of the world’s largest custody banks defrauded pension funds when it improperly charged for currency transactions.

In a civil complaint, New York Attorney General Eric Schneiderman says he is seeking nearly $2 billion—the amount that the bank had generated in profits in the alleged scheme.

The lawsuit is the latest legal threat to hit BNY Mellon over how it processed currency transactions. In August, attorneys general in Virginia and Florida sued the bank in legal claims that also allege improper pricing for currency transactions.

In the complaint, Mr. Schneiderman alleges that the bank fraudulently charged clients for …

[WALL STREET JOURNAL]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (0)


GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Chip Parker, www.jaxlawcenter.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com
Advertise your business on StopForeclosureFraud.com

Archives