http://briancaines.com/cpsc805/asg5.php
BofA told the news agency Mozilo is covered by an indemnity clauss that was in place when he ran which BofA acquired in Julyfor $2.5 The deal made the Charlotte-based bank the country’x largest mortgage lender. Last week, the Securitie and Exchange Commission charged Mozilko and two others withsecurities fraud. SEC regulators accuse Mozilo and the other former Countrywide executives of misleading investors about the credity risks the company took to increase its market The SECalleges Mozilo, former Chiefg Operating Officer David Sambol and former Chief Financial Officer Eric Sieracki falsely assured investorss that Countrywide was primaril a prime-quality mortgage lender that had avoided underwriting risky loans.
The charges stem from actionss in 2005to 2007. Mozilo also was charged with insiderd trading. The SEC allegews he sold Countrywide stock on the basis of nonpublic information, reaping $140 million in
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