D.C. Sues Bank of America Over Role In Walters' Scam

D.C. taxpayers may have some justice served. The Washington Post has the breaking news that the District just filed a $105 million lawsuit against Bank of America over the check cashing scam headed up by Harriette Walters in the D.C. Office of Tax and Revenue.

According to the lawsuit, Walters co-conspired with Walter R. Jones, Jr., an assistant branch manager at Bank of America, who received $145,000 from Walters' niece as payment for cashing fraudulent checks "despite the fact that the payee's name on the check did not match the account holder's name." The investigation into the scheme revealed nearly $50 million in pilfered money over all, with $34 million in 116 checks going through Bank of America. The District asks for the $105 in both damages and penalties against the bank.

Walters and ten other people have pleaded guilty to conspiracy in the case.

Photo by Ryan Holloway