Ex-Freddie CEO Says SEC Trying To Make Him 'Scapegoat'

Law360, New York (May 1, 2012, 6:04 PM EDT) -- The former CEO of Freddie Mac lashed out at the U.S. Securities and Exchange Commission late Monday, maintaining the agency's fraud allegations were merely an attempt to make him the fall guy for the entire subprime mortgage crisis.

In a motion to dismiss, Richard F. Syron said the SEC's suit lacked any evidence of conscious misbehavior on the part of Syron and his co-defendants — Patricia L. Cook, Freddie Mac's former executive vice president and chief business officer; and Donald J. Bisenius, Freddie Mac's onetime executive...
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