« Sotomayor's College Thesis Insisted the United States Congress Was Actually the North American Congress |
Main
|
Goldman Forecast: Oil to $85 By Year's End »
June 04, 2009
No Friends of Angelo: CountryWide's Mozillo Indicted by SEC for Fraud
Chris Dodd's buddy.
The Securities and Exchange Commission on Thursday said it had filed fraud charges against former Countrywide Chief Executive Angelo Mozilo and two others.
The charges may involve Mozilo's sale of shares of giant mortgage lender Countrywide.
...
Mozilo became a poster boy for the subprime crisis. He reportedly stood to collect a windfall of $115 million in the $4 billion sale to Bank of America. But after facing heavy criticism from lawmakers, Mozilo said he would forfeit $37.5 million in payments tied to the deal.