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...
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