WASHINGTON — Douglas Lee Campbell, a former senior vice president and marketer in Bank of America’s municipal derivatives group, pleaded guilty Thursday to three criminal counts for engaging in bid-rigging and fraud conspiracies connected with guaranteed investment contract and other municipal finance agreements.
The Justice Department announced that Campbell pleaded guilty to conspiracy to restrain trade, conspiracy, and wire fraud in the U.S. District Court for the Southern District of New York in Manhattan. Court documents only identify Campbell’s former employer as “Bank A, a financial institution that was a national bank.” But documents show that Campbell worked at Bank of America from about June 1998 through at least August 2002. He worked as a managing director at Piper Jaffray Fixed Income Derivatives in Minneapolis after that, according to The Bond Buyer’s Municipal Marketplace.
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