Fortress Chief Mudd Takes Leave In Wake Of Fraud Suit

Dec 21 2011 | 10:45am ET

Fortress Investment Group CEO Daniel Mudd will take a leave of absence from the alternative investments giant just days after he was accused by the Securities and Exchange Commission of fraud during his tenure as CEO of Fannie Mae.

Fortress said that co-founder Randal Nardone will serve as interim CEO, effective immediately.


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