Corporate Crime Data
Gary Null

"Our data collection has found that over the past 30 years, over $430 billion has been paid to parties by Wall Street firms in over 1500 cases.

Some data highlights:

• Bank of America has spent $14.9 billion to settle 15 cases alleging various charges such as securities violations and mismanagement;
• Citigroup has spent over $13.9 billion to settle 12 cases alleging various charges including abusive lending practices and involvement in fraudulent activities;
• Merrill Lynch has spent $12.2 billion to settle cases involving various allegations including negligence and mismanagement of funds;
• Morgan Stanley has spent over $5 billion to settle 11 cases involving various allegation including failure to disclose material information to customers;
• Wachovia has spent over $9.5 billion to resolve allegations including misleading investors and conflicts of interest;
• UBS has spent $19.5 billion to settle 6 cases with various charges including misleading investors."