WASHINGTON — Former Bank of America executive Phillip Murphy pleaded guilty to rigging municipal bond investment bids in a federal court in North Carolina on Monday, as sentencing for convicted bid-rigger Mark Zaino was delayed again in New York.

A federal grand jury indicted Murphy in July 2012. He originally pleaded not guilty to wire fraud and conspiracy in connection with a scheme to rig guaranteed investment contract bids, but changed his plea, the Justice Department announced. Bank of America was granted indemnity from criminal charges for cooperating with the Justice Department's antitrust division and other federal agencies, but that agreement did not extend to Murphy.

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