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.


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