More than 40 charities, nonprofits and government agencies in Maryland this week will learn if they are to receive anywhere from $5,000 to more than $300,000 as part of a settlement with Bank of America. Just in time for the holidays!
The $67 nationwide settlement was announced about a year ago.
According to Maryland Attorney General Douglas F. Gansler, Bank of America was part of a scheme to “rig bids and engage in other anti-competitive conduct that defrauded state agencies, county governments, and non-profits in their purchase of municipal bond derivatives.”
