SEC Sues Former Jumbo Executives for Fraud

The Securities and Exchange Commission Tuesday sued the former top executives of now defunct ‘super’ jumbo lender Thornburg Mortgage, accusing the trio of hiding the firm’s deteriorating financial condition and overstating income by $400 million.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_557/sec-sues-execs-fraud-1029350-1.html

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