SEC Indicts Former Fannie Mae and Freddie Mac Execs for Securities Fraud - Criminal Law - CourtSide
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SEC Indicts Former Fannie Mae and Freddie Mac Execs for Securities Fraud
By Kevin Fayle on December 16, 2011 10:54 AM
The Securities and Exchange Commission has charged six former Fannie Mae and Freddie Mac executives with securities fraud alleging that the executives knew and approved of untrue or misleading statements regarding the companies' exposure to risky investments such as subprime loans. As part of the indictments, Fannie Mae and Freddie Mac have signed Non-Prosecution Agreements with the SEC whereby the companies agreed to accept responsibility for their actions."
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