Bank of America Shareholders Get Ready for the Ride

Bank of America - Working Image (NYSE:BAC)

Bank of America Corp. (NYSE:BAC) shareholders are in for a volatile Monday.  Activist collective Anonymous says it, not WikiLeaks, has the smoking document that proves BofA committed fraud, and that it will release the docs after the weekend.

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( | Adrian Chen ) What Does Anonymous Have on Bank of America?

A member of the activist collective Anonymous is claiming to be have emails and documents which prove "fraud" was committed by Bank of America employees, and the group says it'll release them on Monday. The member, who goes by the Twitter handle OperationLeakS, has already posted an internal email from the formerly Bank of America-owned Balboa Insurance Company.

What Does Anonymous Have on Bank of America?The email is between Balboa Insurance vice president Peggy Johnson and other Balboa employees. (Click right to enlarge.) As far as we can tell, it doesn't show anything suspicious, but was posted by OperationLeaks as a teaser.

He also posted emails he claims are from the disgruntled employee who sent him the material. In one, the employee says he can "send you a copy of the certified letter sent to me by an AVP of BofA's [HR department] telling me I am banned from stepping foot on BofA property or contacting their employee ever again."

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Friday Bank of America (BAC) shares closed the day at $14.38, up 0.84%. Bank of America shares have traded between $10.91 and $19.86 over the past 12 months.



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