Posts Tagged ‘company insiders’

Mozilo Charged; Ex-Countrywide CEO Committed Fraud Says SEC

Friday, June 5, 2009 15:19 1 Comment

Federal regulators  charged fmr. Countrywide CEO Angelo Mozilo with fraud on Thursday. Mr. Mozilo, along with the company’s former COO David Sambol and CFO Eric Sieracki.
Robert Khuzami, an enforcement officer with the SEC, alleges that the men “deliberately misled” Countrywide shareholders.
As the mortgage industry began to decline  in late 2006 and 2007, Mr. Mozilo cashed [...]

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