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03:44 PM
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SEC staff said to seek fraud case against Angelo Mozilo
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[quote:Anonymous Coward 678266:MV83OTM3MDhfMTIyMDA4MTRfRTQzQjM0MzM=] :bump: [/quote]
Original Message
Countrywide Financial Corp. founder Angelo Mozilo may be facing federal civil fraud charges, the Wall Street Journal is reporting this afternoon.
From the Journal:
Staff at the Securities and Exchange Commission have decided to recommend filing civil fraud charges against Mozilo, according to people familiar with the investigation.
[
link to latimesblogs.latimes.com
]
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