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Securities

Feb. 15, 2011

SEC Charges Former IndyMac Executives

Securities regulators have accused three former executives with the now defunct IndyMac Bancorp of securities fraud for allegedly misleading investors about the mortgage lender's poor financial condition, in federal lawsuits filed Friday.


By Anna Scott


Daily Journal Staff Writer


Securities regulators accused three former executives with the now-defunct IndyMac Bancorp of allegedly misleading investors about the mortgage lender's poor financial condition. The accusations were laid out in federal lawsuits filed Friday in U.S. District Court for the Central District of California.


The Securities and Exchange Commission alleges that in 2007 and 2008, former IndyMac CEO Michael ...

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