AP – BIG SETTLEMENT FOR COUNTRYWIDE CO-FOUNDER: Former Countrywide Financial CEO Angelo Mozilo agreed to a $67.5 million settlement to avoid trial on civil fraud and insider trading charges. Federal regulators had accused him of profiting from doling out risky mortgages while misleading shareholders about the risks.
Summary Box: Mozilo settles with SEC for $67.5M (AP)
Posted by Yahoo! News: Stock Markets News on October 15th, 2010