June 28, 2007  Mellon Bank

Mellon Bank, N.A. has agreed to pay $16.5 Million Dollars to settle claims related to the destruction of tens of thousands of individual tax returns and checks in 2001 that the bank was supposed to process for the U.S. Treasury Department.

The settlement resolves claims that Mellon violated the False Claims Act which it falsely reported to the IRS that it had completed a special program to process the tax returns and checks when, in fact, it never completed the program because it had destroyed approximately 77,000 tax returns and checks.

See U.S. Dept of Justice Press Release 6/28/07

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