[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]
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