Angelo Mozilo, the disgraced former chief of Countrywide Financial, allegedly made off with more than half a billion dollars from the beleaguered firm before it was gobbled up by Bank of America for $4.1B in 2008. Vilified in the press, Mozilo was also formally charged by the SEC for securities fraud and insider trading and ended up settling the suit for $67.5M, $40M of which was paid by B of A. So what's the subprime mortgage maven up to after his slap on the wrist? Well, for one, he's aiming to sell his altogether cheap looking McMansion in Thousand Oaks, Calif. for $3.4M. The 6,200-square-foot brick spread backs up on a Jack Nicklaus-designed golf course and boasts a swimming pool to go with the five bedrooms and five baths.
· Angelo Mozilo Shakes Up Real Estate Portfolio [The Real Estalker]