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BofA Director's Family Feud Hints at Potential Mortgage Fraud

Friday, Feb 11 2022
Originating
Written by  The Mortgage Leader

A family dispute swirling around a Bank of America board director has dredged up indications of possible mortgage fraud committed against JPMorgan Chase and Morgan Stanley. So reports Financial Planning.

BOAAfter BofA independent director R. David Yost, the former CEO of AmerisourceBergen, sued his son-in-law, Morgan Carroll, demanding he repay $8 million in loans, Carroll fired back with a countersuit that touched on mortgage concerns.

Carroll claimed that his wife, Anne, who is Yost’s daughter, hadn’t disclosed promissory notes for the family loans as liabilities in mortgage applications with Morgan Stanley’s private bank and JPMorgan Chase.

Read the full article from Financial Planning.

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