SEC goes after IndyMac executives

The US Securities and Exchange Commission (SEC) has charged three senior executives at the failed mortgage lender IndyMac with fraud in the run-up to its collapse and government takeover in July 2008. Chief executive Michael Perry and chief financial officers Scott Keys and Blair Abernathy concealed the true state of affairs at the bank in 2007 and 2008 to sell more stock, the complaint says.

The complaint centres on the first half of 2008. IndyMac had lost $615 million in 2007 – $509 million of

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