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Banks Paying Restitution for Bid Rigging

Restitution is on the way for several local government agencies and nonprofits victimized in a bid-rigging case involving major banks.

The North Penn Water Authority is getting more than $197,000 and Ursinus College is getting more than $12,000 from JP Morgan Chase.  The North Wales Water Authority is getting more than $23,000 and The Horsham Water and Sewer Authority is getting more than $4,000 from the Bank Of America.  The Towamencin Township Infrastructure Authority is getting more than $14,000, The Hatfield Township Municipal Authority is getting more than $7,000 and Gwynedd-Mercy College is getting more than $18,000 from the same bank.

Pennsylvania Attorney General Linda Kelly says a number of banks, brokers and others manipulated the bidding process, causing the victims to pay higher fees and get lower interest rates when they invested or tried to protect the proceeds of tax-exempt bonds.

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WNPV AM 1440 Reminder ... Mike Bruckner of Professional Adjustment will be on "Premium Coverage" tomorrow at 11:10 AM. Learn how to deal with your insurance company's adjuster to get the insurance settlement you are entitled to when you suffer a loss. Call him at 215-855-8211 or 800-355-9678 between 11:10 AM and noon.
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Montco. Schedules Electronic Collection Spring and summer signal the seasons where you can unload those things that are taking up space in your home. many items, including electronics, are not picked up by trash collection. Montgomery County will host an electronics collection.

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