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?

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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.

 

SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536

www.sunilsethi.com  

CA DRE#: 01173766

 

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