Countrywide CEO Mozilo settles with SEC for $67.5M (AP)

Posted by Yahoo! News: Stock Markets News on October 15th, 2010

AP – Countrywide Financial Corp. co-founder Angelo Mozilo has agreed to a $67.5 million settlement to avoid trial on civil fraud and insider trading charges that alleged he profited from doling out risky mortgages while misleading investors about the risks.

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