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Mozilo will pay $67.5 million to settle fraud case

By   /  Friday, October 15th, 2010  /  Latest news  /  Comments Off on Mozilo will pay $67.5 million to settle fraud case

Angelo Mozilo, the founder and former CEO of Countrywide Financial, will pay $67.5 million to settle civil charges brought by the U.S. Securities and Exchange Commission, the largest such settlement in SEC history, the agency said. In a settlement approved in federal court on Oct. 15, Mozilo agreed to pay $22.5 million in penalties and Read More →

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