Angelo Mozilo

Angelo Mozilo is the former CEO and Co-Founder of Countrywide Financial Corp., a diversified lender primarily focused on home mortgages. Mozilo and Countrywide is currently under investigation for allegedly offering preferential treatment, such as reduced interest rates, to selected customers, nicknamed "Friends of Angelo".MSNBC: Feds Probe Countrywide's 'VIP' program (October 30, 2008)

On June 4, 2009, Mozilo was charged with with insider trading along with Countrywide corporate heads David Sambol and Eric Sieracki. The men were also charged with misleading investors and fraud.CNN.com: Countrywide's Mozilo Acused of Fraud (June 4, 2009)

In addition to his Bachelor of Science degree from Fordham University, Mozile also holds an honorary Doctor of Laws degree from Pepperdine University. In 1969, Mozilo, along with David Loeb, founded Countrywide Financial Corp in New York State. It eventually moved to Calabasas, California.

• 1938: Born
• 1960: Received a Bachelor of Science degree from Fordham University
• 1969: Co-founded Countrywide Financial Corp. with David Loeb
• 2008: Testified in front of the United States House Committee on Oversight and Government Reform
• 3008: Countrywide under investigation for fraud and for offering preferential treatment to selected customers called "Friends of Angelo"

In March 2008, media revealed that federal authorities had started an investigation of securities fraud at Countrywide. In October 2008, it was revealed that the investigation had expanded to the preferential treatment selected customers allegedly received at Countrywide. The "VIP" customers, nicknamed "Friends of Angelo'", allegedly received discounts on interest rates and other benefits. Friends of Angelo included former Fannie Mae CEO Franklin Raines and senators Christopher Dodd and Kent Conrad.MSNBC: Feds Probe Countrywide's 'VIP' program (October 30, 2008)