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SEC went after Martha Stewart and she did TIME!!!

Discussion in 'Business & Economics' started by ASPCA4EVER, Jun 4, 2009.

  1. ASPCA4EVER

    ASPCA4EVER New Member

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    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
    *****************************
    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!!!
     
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