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Countrywide's Angelo R. Mozilo in talks to settle SEC charges, sources say

Oct 15, 2010 3:00:00 AM - latimes.com
The co-founder of the mortgage lender is accused of civil fraud and insider trading. His trial is set to begin Tuesday.

Just days before his trial was to begin, Countrywide Financial Corp. co-founder Angelo R. Mozilo was in serious negotiations late Thursday to settle the government's civil fraud and insider trading case against him, according to people familiar with the situation.

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