Angelo Mozilo

Angelo Mozilo News

  • Rajaratnam Case Shows Outmanned, Outgunned SEC on a Roll

    One late afternoon in March 2007, Sanjay Wadhwa sat at his desk transfixed by the data on his computer screen. Wadhwa was then a low-level supervisor in the Wall Street office of the U.S. Securities and Exchange Commission investigating a supposedly routine case of “cherry- picking.” The SEC had gotten a complaint that Rengan Rajaratnam, the founder of Sedna Capital Management LLC, a small hedge fund, was doling out a disproportionate share of his best trades to the beneficiaries of a “friends and family” account. It was Wadhwa’s job to figure out what was going on, Bloomberg Businessweek reports in its April 23 issue.

  • U.S. Said to End Criminal Investigation of Mozilo

    The U.S. Justice Department has ended a criminal investigation of former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo and won’t bring charges, a person familiar with the investigation said.

  • Mozilo Predicted U.S. Housing Collapse as Fed Overlooked Risk

    Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo warned as early as 2004 of a possible housing-market collapse while the Federal Reserve overlooked the threat a year later, according to documents released by the Financial Crisis Inquiry Commission.

  • Angelo Mozilo Settles Lending Suit for $6.5 Million

    Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo and ex-Chief Operating Officer David Sambol agreed to $6.5 million settlement to resolve a predatory lending lawsuit filed by California.

  • Mozilo to Settle SEC Fraud Claims for $67.5 Million

    Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo agreed to a record $67.5 million settlement to resolve U.S. Securities and Exchange Commission claims that he misled investors.

  • U.S. Ends Probe of Countrywide Ex-CEO Mozilo, L.A. Times Says

    U.S. prosecutors have ended a criminal investigation into former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo after finding no evidence of any crime, the Los Angeles Times reported.

  • Former Countrywide Chief Angelo Mozilo Asks Judge to Dismiss Allstate Suit

    Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo asked a federal judge to dismiss a lawsuit filed against the Bank of America Corp. unit by Allstate Corp.

  • Angelo Mozilo Settles California Lending Suit for $6.5 Million

    Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo and the company’s ex-Chief Operating Officer David Sambol will pay $6.5 million to settle a predatory lending lawsuit filed by California, state Attorney General Kamala Harris said in an e-mailed statement.

  • Ex-Countrywide Chief Mozilo Will Settle SEC Fraud Probe for $67.5 Million

    Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo, former Chief Financial Officer Eric Sieracki and former President and Chief Operating Officer David Sambol agreed to settle U.S. Securities and Exchange Commission allegations that they misled investors.

  • Countrywide's Mozilo Asks Judge to Rule on U.S. Regulator's Fraud Claims

    Countrywide Financial Corp.’s former Chief Executive Officer Angelo Mozilo asked a judge to rule on the U.S. Securities and Exchange Commission’s fraud allegations, saying the “undisputed evidence” shows there was no wrongdoing.

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