Ex-BofA Exec Says She's Scapegoat In $1B Fraud Suit

Law360, New York (February 28, 2013, 7:23 PM EST) -- An ex-Bank of America Corp. executive on Thursday urged a New York federal judge to drop her from the government's $1 billion False Claims Act suit alleging the bank sold bad mortgages to Fannie Mae and Freddie Mac, claiming the government is seeking a "scapegoat" for its faulty theory.

Rebecca Mairone, the former chief operating officer of a lending division of BofA subsidiary Countrywide Financial Corp., was added to the government's suit against BofA and Countrywide in January. She was accused of helping Countrywide implement a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.