Former Freddie Mac bosses fined heavily over scandal

  • 19 Dec 2003

The Office of Federal Housing Enterprise Oversight (OFHEO), regulator of Fannie Mae and Freddie Mac, is to fine two former Freddie Mac executives for their role in the company's accounting difficulties.

Leland Brendsel, the former CEO, will pay almost $34m in lost severance awards, returned bonuses and penalties.

Vaughn Clarke, the former CFO, will ...

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