Federal prosecutors end criminal investigation of Countrywide executive

[JURIST] Federal prosecutors have dropped a criminal investigation against former Countrywide Financial Corporation [JURIST news archive] executive Angelo Mozilo, concluding that he was not involved in any criminal conduct during his time as director over the company, according to Friday reports. Mozilo is most identified with taking part in the mortgage boom that caused financial devastation to banking institutions and private homeowners. In 2009, the US Securities and Exchange Commission (SEC) [official website] charged [JURIST report] Mozilo, along with several…

By |2011-03-27T06:48:22+00:00March 27th, 2011|Uncategorized|Comments Off on Federal prosecutors end criminal investigation of Countrywide executive