Another Zio-Fraudster

Isn't Moishe Dapper

Angelo R. Mozilo

Angelo R. Mozilo (nee Abe Moishe?) was the chairman of the
board and chief executive officer of Countrywide Financial until
July 1, 2008. He is the son of a Bronx butcher.

Since Countrywide was listed on the NYSE in 1984, Mozilo
has sold $406 million worth of its stock, mostly obtained through
stock option grants. $129 million of this was realized in the 12
months ending August 2007. Mozilo's compensation during the United
States housing bubble of 2001–06 has come under scrutiny. During
that period, his total compensation (including salary, bonuses,
options and restricted stock) approached $470 million.

Over
many years, Mozilo sold hundreds of millions of dollars in stock
personally[9], even while publicly touting the stock and using
shareholder funds to buy back stock to support the share price. On
June 4, 2009, the U.S. Securities and Exchange Commission charged
former CEO Angelo Mozilo with insider trading and securities
fraud.
7

David Loeb Is His Partner

In 1978 he and his former mentor David S. Loeb, who had already
started a mortgage lending company, founded Countrywide Credit
Industries in New York. They later moved the headquarters to
Calabasas, California in Los Angeles County. Mozilo and Loeb also
cofounded IndyMac Bank, which was founded as Countrywide Mortgage
Investment, before being spun off as an independent bank in 1997.
IndyMac collapsed and was seized by federal regulators on July 11,
2008.

The
collapse of Enron

Tyco Collapse

The
fleecing of Comverse

Judicial Index