Freddie Mac pays up over fraud
Lender settles over multi-billion accounting fraud
Four former Freddie Mac executives also settled charges of negligent conduct
with the chief regulator. They agreed to pay civil penalties ranging from
$65,000 to $250,000 each, the SEC said.
The settlement came without the company or the former executives admitting or
denying the charges.
In March fellow government sponsored lender Fannie Mae said it was likely to
make an $11bn (?6.3bn) profit restatement.