"Mozillo, who was charged along with Countrywide's COO and CFO, was also charged with insider trading for selling his Countrywide stock, worth $140 million, based on non-public information. The former CEO settled those charges too, agreeing to $45 million in disgorgement of ill-gotten gains. Mozillo was also permanently barred from serving as an officer or director of a publicly traded company. That brings Mozilo's payments up to a total of $67.5 million."
Friday, October 15, 2010
Mozilo PaysRecord Penalty For Securities Fraud - Forbes.com
Mozilo PaysRecord Penalty For Securities Fraud - Forbes.com:
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