Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Tuesday, August 24, 2010

SEC Charges Former Countrywide CEO with Approving Special Loans

The SEC has already charged Angelo Mozilo, the former CEO of Countrywide, with fraud and insider trading.  Now it charges, in a filing opposing the motions to dismiss by Mozilo and other executives, that Mozilo personally approved mortgages for favored borrowers that violated the company's lending policies and ethical standards.  WPost, SEC: Ex-Countrywide chief approved special loans.

http://lawprofessors.typepad.com/securities/2010/08/sec-charges-former-countrywide-ceo-with-approving-special-loans.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01348670b290970c

Listed below are links to weblogs that reference SEC Charges Former Countrywide CEO with Approving Special Loans:

Comments

Post a comment