August 24, 2010
SEC Charges Former Countrywide CEO with Approving Special LoansThe 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.
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