Posts Tagged ‘insider trading’

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 [...]

This was posted under category: BAC, Countrywide Tags: , , , , , , , , ,

OH Hillary..You’ve Got Some Splanin’ To Do

Tuesday, February 17, 2009 16:42 15 Comments

Hillary Clinton’s financial disclosure for the year 2007 shows that the former first lady liquidated her entire equity portfolio, approximately $20 million, in may 2007. Her market timing was almost perfect as she sold all of her stocks only 500 points and 5 months before the market peak. Is Senator Clinton a star investor or [...]

This was posted under category: Politics, Special Reports Tags: , , , , ,
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