On Monday morning, documents were released by the notorious hacker group Anonymous, which it claims are from a former employee of Bank of America (NYSE: BAC).
It is important to note that these emails haven't been verified, but New York Magazine reports that they seem to show employees of Balboa Insurance (a subsidiary of Countrywide until Bank of America sold it off last month) discussing removing tracking information from loan documents.
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A representative for Anonymous, speaking to Reuters, said that the documents “relate to the issue of whether Bank of America has improperly foreclosed on homes.” These claims come in the wake of accusations from consumer groups that some U.S. lenders, including Bank of America, have been foreclosing homes without the proper documentation.
Julian Assange, the founder of the equally notorious WikiLeaks, has been threatening to release damning documents on Bank of America since 2009, and now Anonymous has backed Assange's mission for free flow of information. It is another thorn in the side of Bank of America for sure, though until the emails are proven to be authentic, they are little more than an irritant.
Whatever happens, BAC should certainly look at updating its security.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.