Mozilo settles Countrywide fraud case at $67.5 million (Reuters)

Former Countrywide Financial Corp Chief Executive Angelo Mozilo testifies before the House Committee on Oversight and Government Reform on Capitol Hill in Washington in this March 7, 2008 file photo. REUTERS/Kevin Lamarque/FilesReuters – Former Countrywide chief Angelo Mozilo agreed to a settlement of $67.5 million to resolve charges of duping the home lender’s investors while lining his own pockets, but Bank of America Corp will pick up two-thirds of the tab.

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