California Real Estate Fraud Report

This report spotlights real estate professionals and businesses lacking the ethics and conscience to treat their fellow humans in a fair, honest and upstanding manner. It is a clearinghouse for real estate fraud, mortgage fraud, loan fraud, appraisal fraud and elder financial fraud occurring in California, especially Los Angeles and Southern California. - Monique Bryher

Archive for the 'Insider Trading' Category

Is Judgment Day coming for former Countrywide CEO Angelo Mozilo?

June 5th, 2009 at 7:03am

Former Countrywide executive Angelo Mozilo, the man who almost singlehandedly built the subprime lending industry and made himself a mega-millionaire as it collapsed, wreaking havoc on world markets, will now spend many of those millions defending himself from federal regulators, who have charged him with civil fraud. The Securities and Exchange Commission also accuses Mozilo in its civil lawsuit of engaging in insider trading for dumping his Countrywide stock for nearly $140 million in profits when it was clear the lending firm’s risk lending practices were going to tear the company apart at the seams.

Read the Full Article in Examiner.com.

Posted in Insider Trading, Loan Fraud, Mortgage Fraud, Securities Fraud by: Monique Bryher

© Copyright 2007-2008 Monique Bryher

Legal Disclaimer.

The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud and appraisal fraud occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.