Securities
Dec. 8, 2009
SEC Sues Defunct Irvine Lender
It took a couple of years and a long interval of silence, but on Monday the Securities and Exchange Commission filed a long-pending civil fraud complaint against three former executives of New Century Financial Corp.
Daily Journal Staff Writer
LOS ANGELES - It took a couple of years and a long interval of silence, but on Monday the Securities and Exchange Commission filed a long-pending civil fraud complaint against three former executives of New Century Financial Corp.
The Irvine company was one of the earliest sub prime lenders to fail when it filed for bankruptcy in April 2007. Within weeks, the SEC had launched an inves...
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