SEC charges IndyMac execs with securities fraud

SEC charges IndyMac three top execs with securities fraud

sec

The Securities and Exchange Commission has charged three former senior executives at IndyMac with securities fraud prior to the bank’s collapse and government takeover in 2008.

Chief executive Michael Perry and chief financial officers (CFO) Scott Keys and Blair Abernathy allegedly provided false and misleading information to investors as to the state of the mortgage lender’s finances as the situation deteriorated.

The regulator claims all three regularly received reports on the state of capital

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: