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Ad: 'Sink's Bank Preyed on Elderly With Risky Investments'

A Rick Scott ad debuting Tuesday lists a litany of fines against "Alex Sink's bank." Among them:

  • An investigation by the U.S. attorneys office in Tampa led Bank of America Corp. to agree to return an additional $11.5 million to investors and pay a civil fine of $6.75 million to the U.S. attorneys office.
  • NationsBank Corp.s securities subsidiary will pay $850,000 to settle a 3-year-old state investigation intodeceptive sales practicesin Florida.
  • The SEC's ... first case against a national bank and its securities division for "thedeceptive and misleadingsale of securities on the bank's premises" to some 13,000 investors, most of them elderly.
  • NationsBanks securities arm is paying $6.75 million to settle allegations that it misled investors.

The cases dated from 1997 to 2001, when Sink was an executive with BofA, which merged with NationsBank. The ad suggests that Sink saw herself as more than simply a corporate hired hand, quoting her as saying, "I ran my company."

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