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5 Jun 2009, 6:08 am
On June 4, 2009, the SEC announced the filing of securities fraud charges against former Countrywide Financial CEO Angelo Mozilo, former chief operating officer and president David Sambol, and former chief financial officer Eric Sieracki. [read post]
25 Jun 2008, 4:01 pm
Brown Jr. sued Countrywide Financial, its chief executive Angelo Mozilo, and president David Sambol, for engaging in deceptive advertising and unfair competition by pushing homeowners into mass-produced, risky loans for the sole purpose of reselling the mortgages on the secondary market. [read post]
18 Oct 2010, 3:26 pm
Additionally, former Countrywide president David Sambol has agreed to pay $5.52 million and former chief financial officer Eric Sieracki will pay $130,000. [read post]
15 Jun 2009, 2:21 am
In its complaint, the SEC alleges that former Countrywide CEO Angelo Mozilo, former COO and president David Sambol and former CFO Eric Sieracki violated Section 10(b) of the Securities Exchange Act by deliberately misleading investors about the significant credit risks being taken by Countrywide in its efforts to maintain and increase the company's market share. [read post]
23 Jun 2009, 11:40 pm
David Sambol was Countrywide's chief operating officer. [read post]
4 Jun 2009, 1:31 pm
Just finished watching a live stream of SEC Enforcement Chair Robert Khuzami announcing that the SEC had filed charges against three former Countrywide executives, including former CEO Angelo Mozilo, former COO David Sambol and former CFO Eric Sieracki. [read post]
17 Feb 2011, 5:00 am
The two executives, Angelo Mozilo and David Sambol, were accused of luring buyers into mortgages they could not afford by offering low teaser rates, imposing large prepayment penalties, failed to fully inform buyers of the downside of adjustable-rate mortgages, etc. [read post]
6 Nov 2009, 9:29 am
District Judge John Walter in Los Angeles also rejected requests by David Sambol and Eric Sieracki, respectively Countrywide's former chief operating officer and former chief financial officer, to dismiss related SEC fraud charges. [read post]
31 Dec 2007, 8:55 am
Coming in second was Countrywide’s (CFC) decision to award COO David Sambol a hefty bonus and some other goodies as we footnoted here, shortly before the stock tanked. [read post]
16 May 2008, 3:56 am
"David Sambol, president of Countrywide, said in an earnings call for 2007 that when "asked what the impact on our servicing costs and earnings will be from increased delinquencies and lost mitigation efforts, and what happens to costs . . . [read post]
11 Jun 2009, 7:16 am
" Lawyers for Mozilo and two associates, David Sambol and Eric Sieracki, said the allegations were baseless and politically motivated. [read post]
28 Feb 2011, 8:16 am
By: David A. [read post]
3 Feb 2011, 3:25 am
Jerry Brown Settles Countrywide Suit for $6.5 million Then Attorney General Jerry Brown filed a lawsuit against Countrywide’s ex-CEO, Angelo Mozilo, and the company’s former president, David Sambol in June of 2008 for teasing borrowers with teaser rates on adjustable rate loans without disclose the downsides of the loans, like prepayment penalties, negative amortization, and huge rate increases once the teaser rate period was over. [read post]
21 Sep 2010, 5:25 am
The SEC's complaint alleges that Mozilo and senior Countrywide executives David Sambol and Eric Sieracki committed securities fraud by misrepresenting the risks of the loan company's underwriting practices.States Join Media Groups in Briefs Opposing California's Violent Video Game BanThe National Law JournalNine states and Puerto Rico have joined to file a brief with the Supreme Court urging the justices not to uphold a California law that bans the sale or rental of… [read post]
