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Countrywide Former CEO, Angelo Mozilo, Charged With Securities Fraud

The SEC has just posted the following news release:
The Securities and Exchange Commission today charged former Countrywide Financial CEO Angelo Mozilo and two other former executives with securities fraud for deliberately misleading investors about the significant credit risks being taken in efforts to build and maintain the company’s market share. Mozilo was additionally charged with [...]

4Jun2009 | Peter G. Miller | 1 comment | Continued