Just $67.5M for the financial train wreck he engineered. What about jail time? Why isn't Mozilo going to spend at least some time in Martha Stewart's old bed?

Countrywide's Former Chief Mozilo Settles SEC Charges for $67.5M

The co-founder of what was once the largest, most lucrative subprime lender in the country has agreed to pay a total of $67.5 million to settle allegations of fraud. Former Countrywide chief Angelo Mozilo will pay the SEC a $22.5 million penalty to settle charges that he misled investors about the risk associated with Countrywide's business. Mozilo will also pay $45 million to settle insider trading charges. He has been permanently barred from serving as an officer of a publicly traded company.

 

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