SEC Goes After Countrywide CEO and Other Top Seniors
The National Law Journal
The Securities and Exchange Commission is going after its highest-profile target yet as it sorts through the wreckage of the subprime mortgage meltdown: former Countrywide Financial CEO Angelo Mozilo, who has been charged with securities fraud and insider trading. Also charged are Countrywide's former COO and president and its former CFO. The SEC accuses the three senior utives of misleading the market by falsely assuring investors that Countrywide was primarily a prime-quality mortgage lender. [more]
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