Angelo Mozilo
Business Person
Countrywide ex-CEO Mozilo must face SEC fraud case (Reuters)Countrywide ex-CEO Mozilo must face SEC fraud case (Reuters) Countrywide ex-CEO Mozilo must face SEC fraud case By Jonathan Stempel and Gina Keating Jonathan Stempel And Gina Keating - 14 mins ago NEW YORK/LOS ANGELES (Reuters) - A... In this article: Angelo Mozilo, Countrywide, U.S. Securities and Exchange Commission, Defendant, and Insider trading |
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Reuters | November 04, 2009
Countrywide ex-CEO Mozilo must face SEC fraud case
...day. Countrywide ex-CEO Mozilo must face SEC fraud case NEW YORK/LOS ANGELES (Reuters) - A federal judge rejected a request by Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, to dismiss a U.S....
In this article: Countrywide, U.S. Securities and Exchange Commission, Defendant, Insider trading, and Thomson Reuters
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washingtonpost.com | June 09, 2009
Bank Of America -- and Taxpayers -- Paying Mozilo's Legal Bills
...-- Paying Mozilo's Legal Bills Bank of America is paying the legal fees of Angelo Mozilo, founder of Countrywide Financial, which was purchased by Bank of America last year, the bank said today. Mozilo is facing civil charges of...
In this article: Bank of America, Countrywide Financial, Insider trading, Reuters, and U.S.
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SEC charges Countrywide co-founder Mozilo: source
SEC charges Countrywide co-founder Mozilo: source Reuters top ten news stories delivered to your inbox each day. SEC charges Countrywide co-founder Mozilo: source LOS ANGELES (Reuters) - Countrywide Financial Corp co-founder Angelo...
In this article: Countrywide, SEC, Thomson Reuters, U.S., All rights reserved, Small business, and Insider trading
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Yahoo! News | June 04, 2009
SEC charges Countrywide co-founder Mozilo (Reuters)
SEC charges Countrywide co-founder Mozilo (Reuters) LOS ANGELES (Reuters) - Countrywide Financial Corp co-founder Angelo Mozilo and two other former executives at the once-largest U.S. mortgage lender were sued by U.S. stock regulators on...
In this article: Countrywide, SEC, Bank of America Corp, U.S., and Los Angeles
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CNN | June 09, 2009
Bank of America to pay Mozilo's legal fees
...with securities fraud and insider trading. The largest U.S. bank said Mozilo is covered by an indemnity clause in place when he ran Countrywide, which Bank of America acquired last July 1. Mozilo had co-founded Countrywide in 1969. The...
In this article: Bank of America Corp., Countrywide, SEC, Insider trading, Troubled Asset Relief Program, Nasdaq, and Merrill Lynch & Co
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FACTBOX-Rise and fall of Countrywide, Mozilo
...of Countrywide, Mozilo June 4 (Reuters) - The U.S. Securities and Exchange Commission on Thursday charged Countrywide Financial Corp co-founder Angelo Mozilo and two other former executives with securities fraud. The civil lawsuit accuses...
In this article: Countrywide, Insider trading, Bank of America Corp, David Loeb, U.S. Securities and Exchange Commission, and U.S.
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Description from Wikipedia:
Angelo R. Mozilo (born 1938 in New York City) was the chairman of the board and chief executive officer of Countrywide Financial until July 1, 2008. CNBC named Mozilo as one of the "Worst American CEOs of All Time".
He is the son of a Bronx butcher. He received a Bachelor of Science degree from Fordham University in 1960 and holds an honorary Doctor of Laws degree from Pepperdine University.
In 1978 he and his former mentor David S. Loeb, who had already started a mortgage lending company, founded Countrywide Credit Industries in New York. They later moved the headquarters to Calabasas, California in Los Angeles County. Mozilo and Loeb also cofounded IndyMac Bank, which was founded as Countrywide Mortgage Investment, before being spun off as an independent bank in 1997. IndyMac collapsed and was seized by federal regulators on July 11, 2008.
Since Countrywide was listed on the NYSE in 1984, Mozilo has sold $406 million worth of its stock, mostly obtained through stock option grants. $129 million of this was realized in the 12 months ending August 2007.
Perhaps more than any single individual, Mozilo has come to symbolize, and bear the blame for, the subprime mortgage crisis. In a New York Times feature on October 20, 2008, Henry G. Cisneros, former secretary of HUD and member of the Countrywide board of directors, describes Mr. Mozilo as “sick with stress — the final chapter of his life is the infamy that’s been brought on him, or that he brought on himself.” CNN named Mozilo as one of the "Ten Most Wanted: Culprits" of the 2008 financial collapse in the United States.
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