Make us your home page
Instagram

Sink wants McCollum to investigate Bank of America in Florida

TALLAHASSEE — State Chief Financial Officer Alex Sink wants Attorney General Bill McCollum, one of her gubernatorial rivals, to investigate fraud at the bank where she was a longtime executive.

In a letter sent Friday to McCollum, Gov. Charlie Crist and the state pension fund director, Sink — former head of Bank of America in Florida -— asked McCollum to "immediately review" whether the alleged fraud by Bank of America and its executives has resulted in losses to Floridians. Her request came the day after New York Attorney General Andrew Cuomo filed charges of fraud against Bank of America alleging it, former chief executive Kenneth D. Lewis and former chief financial officer Joseph Price misled federal officials and investors about the size of losses at Merrill Lynch, which it was moving to take over.

"I applaud Attorney General Cuomo for his aggressive actions on behalf of New Yorkers, and it begs the question whether Florida can pursue similar legal action on behalf of our taxpayers and consumers," Sink wrote. "If former top executives at Bank of America committed the fraud outlined in Attorney General Cuomo's suit, those executives must be held accountable not only to the people of New York, but also to the people of Florida."

Sink's letter also repeats her call for the State Board of Administration to pursue lawsuits against Bank of America or any other banks that might have misled Florida's pension fund.

Sink wants McCollum to investigate Bank of America in Florida 02/05/10 [Last modified: Friday, February 5, 2010 9:50pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Bealls and West Marine to join Pollo Tropical at redeveloped Kmart site in Clearwater

    Economic Development

    CLEARWATER — The long-vacant shopping plaza on Gulf-to-Bay Boulevard, formerly home to Kmart, is nearing completion, bringing a handful of well-known retailers to the area.

    The long-vacant shopping plaza on Gulf-to-Bay Boulevard, formerly home to Kmart, is nearing completion. .JIM DAMASKE   |   Times
  2. Justice Department says civil rights law does not protect gay people

    Working Life

    The Department of Justice has filed court papers arguing that a major federal civil rights law does not protect employees from discrimination based on sexual orientation in a case now being considered by a New York appeals court.

    Attorney General Jeff Sessions boards his plane at Andrews Air Force Base on Thursday. Sessions is traveling to El Salvador to meet with local leaders and discuss their efforts to fight gangs like MS-13. [Pablo Martinez Monsivais | Associated Press]
  3. Duke Energy quietly builds a $1.5 billion plant in Citrus County

    Energy

    CRYSTAL RIVER — Sequestered in a remote part of Citrus County is the most expensive development project you likely haven't heard of.

    Robby Armstrong, Sr., construction specialist at Duke Energy, leads a tour through construction on the combined cycle natural gas plant at the Crystal River Energy Complex. The $1.5 billion project is the largest Duke Energy combined cycle project. Construction is about midway through and expected to be completed in 2018.
[MONICA HERNDON   |   Times]
  4. Sign up for the daily News at Noon email newsletter

    News

    The Tampa Bay Times has launched a daily newsletter called News at Noon. It'll be the perfect way to catch up with the latest breaking news and our top stories right in your inbox each weekday.

  5. Jeff Bezos tops Bill Gates as world's richest person — for now

    Corporate

    A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer's earnings report has propelled founder Jeff Bezos past Bill Gates as the world's richest person, according to a Bloomberg report.

    Jeff Bezos, the founder of Amazon, discusses his Blue Origin reusable rocket project in Colorado Springs in April. A bump in the price of Amazon shares in July of 2017 was enough to move  Bezos above Bill Gates, the Microsoft co-founder, who has topped Forbes' billionaires list 18 out of the last 23 years. 
(Nick Cote | The New York Times]