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Former Countrywide Chief Mozilo Agrees to Settle With SEC

Former Countrywide Financial Corp. CEO Angelo Mozilo
Angelo Mozilo, then chief executive officer of Countrywide Financial Corp., testifying during a hearing in Washington. Photographer: Jay Mallin/Bloomberg

Oct. 15 (Bloomberg) -- Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo, former Chief Financial Officer Eric Sieracki and former President and Chief Operating Officer David Sambol agreed to settle U.S. Securities and Exchange Commission allegations that they misled investors.

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To contact the reporter on this story: Edvard Pettersson in Los Angeles at epettersson@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net

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