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  • AP source: Feds drop criminal probe against Mozilo

    02/18/2011 8:59:36 PM PST · by Kartographer · 7 replies
    AP/YahooNews ^ | 2/18/11 | ANDREW DALTON
    Federal prosecutors have ended a criminal investigation of Countrywide Financial Corp. co-founder Angelo Mozilo, a person close to the investigation said Friday. The federal official told The Associated Press that the probe launched in 2008 into the actions of the former chief executive of the housing giant during the mortgage meltdown has been closed with no indictments. The person spoke on the condition of anonymity because the investigation was never publicly announced, and the Department of Justice as a policy does not announce the closing of investigations. In October, Mozilo agreed to a $67.5 million settlement to avoid civil trial...