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Angelo Mozilo
’The Angelo Mozilo foreclosure fund
Pop this in the bittersweet irony chapter of the foreclosure book (from the LA Times Money & Company blog):
California has reached a $6.5-million settlement with two former Countrywide Financial Corp.
SEC accuses Angelo Mozilo of securities fraud, insider trading
The US Securities and Exchange Commission on Thursday accused Angelo Mozilo, Countrywide’s former CEO of wide-ranging securities fraud and of insider trading.
The civil lawsuit also names former Countrywide president David Sambol and former CFO Eric Sieracki.
SEC to outline fraud charges against Angelo Mozilo
Bad news for the perma-tanned one. Bloomberg reports:
June 4 (Bloomberg) — The U.S. Securities and Exchange Commission will announce a lawsuit against former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo and two others for fraud.