Ex-Countrywide CEO Angelo Mozilo Charged With Fraud

The Securities & Exchange Commission announced today it will charge former Countrywide CEO Angelo Mozilo and two others with civil fraud and insider trading, making Mozilo the most high-profile individual to face federal charges in the wake of the financial crisis. Countrywide, once the nation's largest home mortgage lender, was blamed by many for its role in the subprime mortgage meltdown that kicked off the ongoing financial crisis. The company collapsed last year and was acquired by Bank of...Full Story
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