* Emails discuss electronic records kept at Balboa unit
* Group says emails expose "corruption and fraud"
* Bank calls claims "extravagant"
By Joe Rauch
CHARLOTTE, N.C., March 14 Anonymous, a hacker
group sympathetic to WikiLeaks, released on Monday emails that
it obtained from someone who said he is a former Bank of America
Corp (BAC.N) employee.
In the emails dating from November 2010, people that appear
to be employees of a Balboa Insurance, a Bank of America
insurance unit, discuss removing documents from loan files for a
group of insured properties.
Neither the emails nor correspondence released by Anonymous
indicate the reason behind the electronic record keeping
A representative of Anonymous told Reuters on Sunday the
documents relate to the issue of whether Bank of America has
improperly foreclosed on homes. The representative added that he
had not seen the documents, but he has been briefed on their
Consumer groups have accused major U.S. lenders of
foreclosing on many homes without having proper documentation in
A BofA spokesman said on Sunday the documents were clerical
and administrative documents stolen by a former Balboa Insurance
employee, and were not related to foreclosures.
"We are confident that his extravagant assertions are
untrue," the spokesman said.
The group's email release also includes correspondence
between Anonymous and the former employee, in which the former
employee described the bank as a "cult" and said the company is
now intent on destroying his career.
"I'm well known throughout Bank of America," the former
employee said in one email. "They saw to that when they showed
everyone my picture and labeled me as a terrorist."
The documents are available at
bankofamericasuck.com/, a website that was working
intermittently early on Monday morning.
(Reporting by Joe Rauch; Additional reporting by Mark Hosenball
in Washington, D.C.; Editing by Jon Loades-Carter)