Industry News

Former Countrywide execs plead guilty to insider trading

Inside knowledge of Q3 2004 earnings netted $103,000
Published on Jul 3, 2007

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by CareyBot

Three former Countrywide Financial Corp. executives have pleaded guilty to insider trading, admitting they made about $103,000 selling shares they owned and short-selling company stock based on their advance knowledge that the company would miss analysts’ expectations for the third ...

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