SEC Hits 3 IndyMac Execs With Fraud Charges

Law360, New York (February 11, 2011, 7:35 PM EST) -- The U.S. Securities and Exchange Commission filed suit against three former executives of bankrupt IndyMac Bancorp Inc. on Friday, saying they misled investors about the mortgage lender’s deteriorating condition while trying to sell IndyMac shares.

According to two complaints filed in the U.S. District Court for the Central District of California, former IndyMac CEO Michael W. Perry and former chief financial officers A. Scott Keys and S. Blair Abernathy participated in the filing of false disclosures about the company and its main subsidiary, IndyMac Bank F.S.B....
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