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27 Sep 2007 · Freddie Mac and four former executives settled with the SEC over allegations of improper earnings management and accounting fraud from 1998 to 2002. The company agreed to pay a $50 million penalty and the executives faced civil penalties and injunctions.
Freddie Mac, the nation's second-largest financer of home mortgages, is paying a $50 million fine to settle civil securities fraud charges brought by federal regulators in a four-year...
On September 27, 2007, the Commission filed a complaint against Federal Home Loan Mortgage Corporation (“Freddie Mac” or the “Company”), David W. Glenn (“Glenn”), Vaughn A. Clarke (“Clarke”), Robert C. Dean (“Dean”), and Nazir G. Dossani (“Dossani”) (collectively, the “Defendants”), alleging that the Defendants had ...
16 Dis 2011 · In the complaint against the former Freddie Mac executives, the SEC alleged that they and Freddie Mac led investors to believe that the firm used a broad definition of subprime loans and was disclosing all of its Single-Family subprime loan exposure.
16 Nov 2015 · An accounting scandal erupted at Freddie Mac in June 2003 that was discovered through an SEC investigation. The company had intentionally understated $5 billion in earnings.
27 Sep 2007 · Freddie Mac paid a $50 million fine and four former executives paid penalties to resolve allegations of earnings manipulation from 1998 to 2002. The SEC said the company had a corporate culture that sought stable earnings growth at any cost.
27 Sep 2007 · Four former Freddie Mac executives settled the SEC's negligent conduct charges by agreeing to pay a total of $515,000 in civil fines and to make restitution totaling $275,548.
