Company Update: Bank of America Corporation (NYSE:BAC) – Former Bank of America executive pleads guilty in muni case

February 10, 2014 at 14:33 PM EST

[Reuters] – A former Bank of America executive pleaded guilty on Monday to conspiring to defraud cities and towns, looking to invest proceeds for municipal bonds, the Justice Department said. Phillip Murphy, who . . . → Read More: Company Update: Bank of America Corporation (NYSE:BAC) – Former Bank of America executive pleads guilty in muni case Similar Articles: Reasons to worry about muni bonds right now Market Alert: RadioShack (NYSE:RSH), JPMorgan Chase (NYSE:JPM), Best Buy (NYSE:BBY), Bank of America (NYSE:BAC), ConocoPhillips (NYSE:COP) Bailout World update

Bank of America Corporation (NYSE:BAC) [Reuters] – A former Bank of America executive pleaded guilty on Monday to conspiring to defraud cities and towns, looking to invest proceeds for municipal bonds, the Justice Department said. Phillip Murphy, who was a managing director of Bank of America’s municipal derivatives desk from 1998 to 2002, pleaded guilty to conspiring to make false entries in reports and other papers sent from his desk to bank management. Bank of America Corp had … [visit site to read more]