securities fraud
Countrywide Corp. Faces FBI Investigation
Read the full article: http://www.money-rx.com/blog/2008/03/wsj-fbi-investigates-co...
Glenn R. Simpson and Evan Perez, Wall Street Journal, report that the Federal Bureau of Investigation is probing subprime lender Countrywide Financial Corp. for possible securities fraud. Another potential issue facing the company is whether it has been candid in its accounting for losses.
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