Fraud, Subprime Mortgage | featured news

SEC charges ex-Fannie, Freddie CEOs with fraud

The Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust....

 

Goldman to settle with SEC for $550 million

Goldman Sachs Group Inc agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank's clients and investors.

 

Bear Stearns execs acquitted of fraud

Bear Stearns execs acquitted of fraud

Two former Bear Stearns hedge-fund managers have been acquitted of lying to investors about the implosion of the subprime mortgage market.

 

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