Exclusive: Former Fannie Mae CEO settles crisis-related lawsuit with SEC

August 22, 2016 7:25 PM

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Exclusive: Former Fannie Mae CEO settles crisis-related lawsuit with SEC

WASHINGTON/NEW YORK In one of the U.S. Securities and Exchange Commission's biggest cases tied to the 2008 financial crisis, former Fannie Mae (FNMA.PK) Chief Executive Daniel Mudd has reached a settlement for $100,000, according to court papers filed on Monday.

The relatively small settlement, disclosed in papers filed in federal court in Manhattan, resolves a 2011 lawsuit by the SEC accusing Mudd of misleading investors about Fannie Mae's exposure to risky mortgages before the crisis.

Also read: SEC: Man Hid Money to Avoid Paying $6M Fine in Fraud Case

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