Nope, Angelo Mozilo won’t be serving time, no matter what the evidence shows. In fact, he won’t even face a trial. Wondering how the most convictable CEO among the titans who brought down the financial system is getting off so …
Allstate is suing Bank of America and its Countrywide Financial division over Countrywide’s sale of $700 million in mortgage-backed securities to the insurance giant, alleging that Countrywide knew in advance that the assets wo…
Countrywide Financial Corp. co-founder Angelo Mozilo, along with two others, has reached a settlement agreement with the Securities and Exchange Commission related to charges of insider trading and civil fraud.
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California Attorney General Jerry Brown is suing eight current and former city executives from the town of Bell over ridiculously the absurdly inflated salaries they paid themselves, which they financed by overcharging Bell res…
Angelo Mozilo, former CEO of Countrywide Financial, must face trial on charges he misled investors about the risks associated with subprime lending, a judge in Los Angeles ruled.
U.S. District Judge John F. Walter denied reques…