Regulators End Freddie Mac Probe

Law360, New York (September 12, 2006, 12:00 AM EDT) -- Federal prosecutors will not file criminal charges against government-sponsored mortgage giant Freddie Mac, bringing an end to a three-year investigation into allegations of accounting fraud at the company.

The company said that since the investigation has been dormant for nearly two years, it believes regulators have ended the probe.

“It is Freddie Mac's understanding that it is the practice of the U.S. Attorney's Office for the Eastern District of Virginia neither to issue official notices nor to confirm publicly the conclusion of an investigation,” company spokesman...
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