Sambol

A lawyer for Sambol said his client had agreed to settle the case "to put the matter behind him for the benefit of his family and loved ones."

Countrywide's Angelo Mozilo settles SEC charges for $67.5 million Zachary A. Goldfarb 2010

Sambol will not be able to serve as a top executive or director for three years, and Sieracki will not be able to serve as a finance officer for one year.

Countrywide's Angelo Mozilo settles SEC charges for $67.5 million Zachary A. Goldfarb 2010

"In all my years in the business, I have never seen a more toxic product," Mr. Mozilo wrote in an April 17, 2006, e-mail to Mr. Sambol [his chief financial officer], referring to loans that allowed borrowers with poor credit histories to buy homes without putting any money down.

David Callahan: Crime Pays: The SEC's Slap on the Wrist for Angelo Mozilo David Callahan 2010

"In all my years in the business, I have never seen a more toxic product," Mr. Mozilo wrote in an April 17, 2006, e-mail to Mr. Sambol [his chief financial officer], referring to loans that allowed borrowers with poor credit histories to buy homes without putting any money down.

David Callahan: Crime Pays: The SEC's Slap on the Wrist for Angelo Mozilo David Callahan 2010

"In all my years in the business, I have never seen a more toxic product," Mr. Mozilo wrote in an April 17, 2006, e-mail to Mr. Sambol [his chief financial officer], referring to loans that allowed borrowers with poor credit histories to buy homes without putting any money down.

David Callahan: Crime Pays: The SEC's Slap on the Wrist for Angelo Mozilo David Callahan 2010

We were more a follower than a leader, Mr. Sambol told the investigating panel.

Angelo Mozilo's Story Jr. Holman W. Jenkins 2011

Former Countrywide President David Sambol owes $5 million in profits and $520,000 in civil penalties, and former Chief Financial Officer Eric P. Sieracki will pay $130,000 in civil penalties.

Angelo Mozilo, Countrywide Ex-CEO, Settles With SEC For $67.5M AP 2010

Former Countrywide President David Sambol owes $5 million in profits and $520,000 in civil penalties, and former Chief Financial Officer Eric P. Sieracki will pay $130,000 in civil penalties.

Angelo Mozilo, Countrywide Ex-CEO, Settles With SEC For $67.5M AP 2010

As Mr. Mozilo and his former chief operating officer, David Sambol, credibly testified last year to Congress's financial crisis inquiry panel, Countrywide simply followed its "business model" off a cliff.

Angelo Mozilo's Story Jr. Holman W. Jenkins 2011

"In all my years in the business, I have never seen a more toxic product," Mr. Mozilo wrote in an April 17, 2006, e-mail to Mr. Sambol [his chief financial officer], referring to loans that allowed borrowers with poor credit histories to buy homes without putting any money down.

David Callahan: Crime Pays: The SEC's Slap on the Wrist for Angelo Mozilo David Callahan 2010