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BofA May Be WikiLeaks Target

Story updated with a comment from Bank of America

NEW YORK (TheStreet) -- Bank of America (BAC) could possibly be one bank in which that WikiLeaks founder Julian Assange is targeting with a "megaleak."

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The whistleblower web site is going to be releasing information on one major U.S. bank that would include "tens of thousands of its documents that reveal some sort of unethical behavior," according to Forbes.

Forbes columnist Andy Greenberg apparently spoke with Assange earlier this month. It was that conversation that shed light on the supposed "megaleak" coming in early 2011.

The report was released late Monday on Forbes.com, however, little detail or specifics of which bank were given.

Assange did say, according to Forbes, that the information "could take down a bank or two."

However, in a second column published on Tuesday, Forbes' Greenberg pointed to a separate interview Assange did with Computer World in October 2009, which could provide a clue.

During that interview, Assange noted that WikiLeaks had in possession "five gigabytes from Bank of America, one of the executive's hard drives," but hasn't released it yet due to the overwhelming amount of information.

Greenberg notes that if Assange is sitting on "five gigabytes" worth of juicy Bank of America information, it's very plausible that the information is old news.

"More than a year ago Wikileaks claimed to have the computer hard drive of a Bank of America executive. Aside from the claims themselves we have no evidence that supports this assertion," said a Bank of America spokesman in an email statement. "We are unaware of any new claims by Wikileaks that pertain specifically to Bank of America."

Bank of America has been hung out to dry this year between shareholder lawsuits, mortgage putback requests, the foreclosure crisis and various investigations by states attorney generals. Its stock is down 25% year-to-date.



-- Written by Laurie Kulikowski in New York.

To contact the writer of this article, click here: Laurie Kulikowski.

To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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