According to a complaint by the Securities and Exchange Commission, former Countrywide chief Angelo Mozilo pocketed around $140 million by selling shares of his company when he knew based on inside information that the stock was headed for a fall. In today's settlement of the SEC case, the agency is assessing a $67.5 million penalty against Mozilo. The penalty includes the return of $45 million in ill-gotten profit and a $22.5 million disgorgement fee.
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