Two banks that were trustees for one of the biggest frauds in Orange County history have offered $106 million to make investors go away — but it may not be enough. Wells Fargo Bank and Bank of New York Mellon struck a secret deal in recent weeks...
By RONALD CAMPBELL, Orange County Register: Local
Wed, 05/16/2012 - 6:17pm
Two banks that were trustees for one of the biggest frauds in Orange County history have offered $106 million to make investors go away — but it may not be enough. Wells Fargo Bank and Bank of New York Mellon struck a secret deal in recent weeks...