The SEC charged Countrywide Chief Executive Angelo Mozilo with securities fraud. He is accused of “selling his Countrywide stock for nearly $140 million in profits while knowing that Countrywide’s business model was deteriorating.”
The SEC charged Countrywide Chief Executive Angelo Mozilo with securities fraud. He is accused of “selling his Countrywide stock for nearly $140 million in profits while knowing that Countrywide’s business model was deteriorating.”