Bellingham Group Bank Guarantee Scam Artists Sentenced [Forbes]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: Forbes
Fortunately, those involved with the scheme were indicted, arrested, and have been given some long prison sentences. The scam was operated as something known as The Brittingham Group. The ringleader, John C. Nock of Fayetteville, Arkansas, got 20 years and 10 months; Brian Brittsan of Boise, Idaho, got exactly a decade, Kevin Griffith of Orem, Utah, was awarded with 12 years and six months, and Alexander Ituma, of Lehi, Utah, won the shortest sentence of 8 years and four months. The DOJ claimed that the Brittingham Group scam bilked investors over $18 million during its eight year run from 2013 to 2012. What exactly is a bank guarantee scam? The bank guarantee scam is a subset of the so-called High-Yield Interest Program (HYIP) scam, which is itself just a subset of a Ponzi scheme. The HYIP scam works by the fraud artist telling investors that they have access to certain odd bank instruments, usually from foreign banks, which pay a very high rate of interest, like 50% per week or
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- Bank of America lays out the exact scenario that could finally pop the stock market's AI bubble [Yahoo! Finance]Yahoo! Finance
- Stock market today: Indexes jump to close best week since November as investors cheer tech earnings [Yahoo! Finance]Yahoo! Finance
- How Advocates Are Making Climate Change A Part Of Everyday Business [Forbes]Forbes
- Hedge Funds Cut Back on ‘Super Peso' Bets in Flash Crash Week [Yahoo! Finance]Yahoo! Finance
- Hedge Funds Cut Back on ‘Super Peso' Bets in Flash Crash Week [BNN Bloomberg (Canada)]BNN Bloomberg
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- BAC's page on the SEC website