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No Jail for Countrywide CEO Angelo Mozilo

No Jail for Countrywide CEO Angelo Mozilo

No Jail for Countrywide CEO Angelo Mozilo.

I guess that means we’re officially done with the chapter on mortgage fraud and the poster boy behind it all gets to walk around like nothing happened.

Mozilo Settles SEC Fraud Claims for $67.5 Million – BusinessWeek

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

http://www.businessweek.com/news/2010-10-15/mozilo-settles-sec-fraud-claims-for-67-5-million.html

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