Lawsuits: Countrywide Ex-CEO To Feel Wrath Of SEC

His extreme orangeness, former CEO and founder of Countrywide Home Loans Angelo Mozilo, is about to be slapped with civil fraud charges, according to the Wall Street Journal.

The WSJ says that the SEC has already informed Mr. Orangeface of their intention to file insider trading and disclosure violations.

Other Countrywide executives, including former president David Sambol are also about to have very bad days.

SEC Expected to Approve Civil Charges Against Mozilo [WSJ]

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