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Securities

Mar. 6, 2009

Ex-Loan Execs Likely to Face SEC Charges

Former Countrywide Financial Corp. CEO Angelo Mozilo and possibly other high-ranking former executives with the mortgage giant likely will face civil fraud charges from the Securities and Exchange Commission, according to attorneys familiar with the case.

By Gabe Friedman
Daily Journal Staff Writer

LOS ANGELES - Former Countrywide Financial Corp. CEO Angelo Mozilo and possibly other high-ranking former executives with the mortgage giant likely will face civil fraud charges from the Securities and Exchange Commission, according to attorneys familiar with the case.

The sources, who spoke on condition of anonymity, said SEC lawyers in Los Angeles are developing a case asserting the company's executive...

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