The group of online activists known as "Anonymous" has released a batch of email concerning Bank of America that was given to the group by a whistleblower who worked for a related mortgage and vehicle loan insurer.
The email purportedly comes from a seven year employee of Balboa Insurance, a company that provides insurance to financial institutions in the mortgage and vehicle finance markets. Balboa was a unit of Countrywide Financial, which Bank of America acquired in 2008. Bank of America stated in February it would sell Balboa to QBE Insurance Group.
The former employee alleges that the email trail indicates that Balboa withheld certain foreclosure information from US federal auditors during the takeovers of the financial institution IndyMac, which the US federal government seized in July 2008, and Aurora Loan Services, a mortgage loan company that was a subsidiary of Lehman Brothers, the failed investment bank. The person also alleges that loan documentation was falsified in order to proceed with foreclosures.
Bank of America officials could not be immediately reached for comment.
Anonymous has conducted a range of distributed denial of service attacks against websites seen as unsympathetic to the WikiLeaks website as well as many other targets for its campaigns, which have included the Church of Scientology and the music royalty company BMI.
The documents, which consist of a series of emails and correspondence between Anonymous and the whistleblower, were posted on a domain called bankofamericasuck.com, which now appears to be offline.
The domain was registered through the company GoDaddy in December by a person named "James Jophan" of California. The listed phone number, however, has been disconnected. Although people who register a domain name are required to give contact details, which are listed in so-called "whois" directories, the information is often intentionally inaccurate.
Although bankofamericasuck.com is now down, it does appear the material is getting widely distributed through other domains posted on social networking services such as Twitter.