Fortress CEO Mudd Sued By SEC Over Fannie Mae Tenure

Dec 16 2011 | 4:39pm ET

The Securities and Exchange Commission today accused the CEO of Fortress Investment Group of fraud during his stewardship of Fannie Mae.

Daniel Mudd is among six former executives of Fannie and Freddie Mac accused of making false and misleading statements about the government-sponsored lenders' exposure to subprime mortgages. Mudd led Fannie Mae from 2004 until he was fired in 2008.


In Depth

Q&A: Tsai Capital Founder Sees Long-Term Opportunities In Emerging Markets

Apr 10 2014 | 9:48am ET

Christopher Tsai, whose $28 million long/short hedge fund is up 29% since inception...

Lifestyle

Hedge Fund Manager's 'Iceberg Home' Melts

Mar 28 2014 | 4:58am ET

Bregal Capital founder Edmund Lazarus was set to get what many other London hedge...

Guest Contributor

AIFMD: Time To Back Up On Reverse Solicitation

Apr 8 2014 | 6:18am ET

U.S. fund managers are finding roadblocks to marketing in the European Economic...

 

Sponsored Content

Service Providers


Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…