Whether it be an odd prank, a publicity stunt, an amateurish scam or some kind of extremely abstract art, a new fake filing related to Bank of America Corp BAC 0.3% has shown up on the U.S. Securities and Exchange Commission’s Edgar regulatory filing system.
On Wednesday, a new filing posted on the SEC site indicated that a company called YNOFACE Holdings Inc had purchased nearly 5 billion shares of Bank of America common stock and 100 million shares of Bank of America preferred stock since August 15. The value of the common shares alone would cost nearly $83 billion at current market price.
YNOFACE Holdings is reportedly run by a man named Antonio Lee.
According to ynoface.com, Lee is a “world-renowned artist, and YouTube celebrity specializing in acrylic painting.”
Lee doesn’t seem to have commented on the filing on Twitter or YouTube, making it unclear what its true purpose was.
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