DOJ Eyes $1.1M Penalty For Ex-Countrywide Exec

Law360, New York (December 2, 2013, 3:27 PM EST) -- The U.S. Department of Justice is seeking a $1.1 million fine against former Countrywide Financial Corp. official Rebecca Mairone, after a New York federal jury found her and the bank liable for mortgage fraud, according to a recent court filing.

Mairone, who was found liable for her role in a mortgage program nicknamed the “hustle” that allegedly defrauded Fannie Mae and Freddie Mac, should be ordered to pay a $1.1 million civil penalty, according to the government's Nov. 27 brief. Prosecutors have already requested from Bank...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

United States of America ex rel. Edward O'Donnell


Case Number

1:12-cv-01422

Court

New York Southern

Nature of Suit

Banks and Banking

Judge

Jed S. Rakoff

Date Filed

February 24, 2012

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.