ASPCA4EVER
Well-Known Member
SEC charging ex-Countrywide CEO with fraud
Mozilo led lender who was major player in the subprime mortgage market
Fmr. Countrywide execs face fraud charges
June 4: Officials from the SEC charge Angelo Mozilo, former CEO of Countrywide Financial Corp., and two other executives with fraud.
CNBC updated 5 minutes ago
WASHINGTON - Federal regulators on Thursday charged Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp., and two other company executives with civil fraud.
The Securities and Exchange Commission’s civil lawsuit, filed in federal district court in Los Angeles, also accuses Mozilo of illegal insider trading.
Countrywide was a major player in the subprime mortgage market, the collapse of which in 2007 touched off the financial crisis that has gripped the U.S. and global economies.
<For the rest of the story>
http://www.msnbc.msn.com/id/31108985
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Poor boy's...they'll squeal all the way to the Federal Court House and onto Prison. But I hope that they get to serve a nice long-long time!!!
Mozilo led lender who was major player in the subprime mortgage market
Fmr. Countrywide execs face fraud charges
June 4: Officials from the SEC charge Angelo Mozilo, former CEO of Countrywide Financial Corp., and two other executives with fraud.
CNBC updated 5 minutes ago
WASHINGTON - Federal regulators on Thursday charged Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp., and two other company executives with civil fraud.
The Securities and Exchange Commission’s civil lawsuit, filed in federal district court in Los Angeles, also accuses Mozilo of illegal insider trading.
Countrywide was a major player in the subprime mortgage market, the collapse of which in 2007 touched off the financial crisis that has gripped the U.S. and global economies.
<For the rest of the story>
http://www.msnbc.msn.com/id/31108985
*****************************
Poor boy's...they'll squeal all the way to the Federal Court House and onto Prison. But I hope that they get to serve a nice long-long time!!!
