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Financial News

Thursday June 4, 09:30 PM

 

 

Angelo Mozilo

By Mark Wilson

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US regulators Thursday filed civil fraud charges against the former chief executive of failed mortgage giant Countrywide, saying he misled investors about the company's risky loans. The Securities and Exchange Commission announced the charges against Angelo Mozilo, pictured in 2008, and two other former executives of what had been the largest US mortgage lender. US regulators Thursday filed civil fraud charges against the former chief executive of failed mortgage giant Countrywide, saying he misled investors about the company's risky loans. The Securities and Exchange Commission announced the charges against Angelo Mozilo, pictured in 2008, and two other former executives of what had been the largest US mortgage lender.


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