Business


Hackers release BofA e-mails

Bank spokesman says ex-worker stole files

CHARLOTTE, N.C. — A hacker organization on Monday released e-mails in which a former Bank of America Corp. employee asserts the company is hiding foreclosure information from regulators.

The posting by a member of a group known as Anonymous includes e-mails in which a Balboa Insurance employee raises questions about removing from the record documents that were sent out in error. The e-mails don’t indicate the loans have foreclosure issues.

A Bank of America spokesman told McClatchy Newspapers that the former Balboa employee stole documents from the company. “We’re confident he will not be able to substantiate his outlandish assertions,” the spokesman said.

The Charlotte bank bought Balboa Insurance as part of its 2008 Countrywide Financial Corp. acquisition. Last month, the bank agreed to sell the unit to Australia’s QBE Insurance Group. One of Balboa’s products includes what’s known as lender-placed insurance used by financial institutions.

Over the weekend, an Anonymous member who uses the Twitter handle OperationLeakS disclosed plans to release the Balboa documents. The e-mails are posted on a site called bankofamericasuck.com. The site also includes exchanges between OperationLeakS and the anonymous Balboa employee.

The disclosure comes as Bank of America still faces the potential leak of documents by WikiLeaks. Julian Assange, the founder of the anti-secrecy group, said in November that he planned to release documents about a major bank, leading to speculation that Bank of America would be the target.


 

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