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FBI Investigating Countrywide for Securities Fraud
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This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by PhilH 1 year 256 days ago (hosted.ap.org).
Views: 62 |
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Federal authorities are investigating Countrywide Financial Corp. for securities fraud, according to media reports.
The FBI is in the early stages of an inquiry into whether company officials misrepresented its financial position and the quality of its mortgage loans, The Wall Street Journal first reported Saturday, citing law enforcement officials and finance executives with knowledge of the development.
The Justice Department is also involved in the investigation into the nation's largest mortgage lender, said the New York Times, which also cited anonymous sources who said they were not authorized to discuss ongoing criminal matters.
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