Industry News

Feds charge former Fannie Mae execs with manipulating earnings

More than $215 million in civil penalties, restitution sought
Published on Dec 18, 2006

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by CareyBot

Government regulators said Monday they will seek more than $100 million in civil penalties from three former Fannie Mae executives accused of submitting six years of inaccurate accounting reports, and the return of more than $115 million in bonuses. The ...