Law360 (November 10, 2005, 12:00 AM EST) -- Mired in an $11 billion accounting scandal, mortgage-buying giant Fannie Mae released Thursday an updated laundry list of accounting irregularities while trying to update its image with new board members and executives.
Announcing a new chief financial officer, new chief operating officer and several other high-profile positoins, Fannie Mae made clear an investigation by the Securities and Exchange Commission is taking its toll on the government-sponsored company.
Fannie Mae, which has failed to file an earnings report with the SEC since late 2004, named former MCI...
Fannie Mae Review Pinpoints Errors In $11B Scandal
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login
