The U.S. Securities and Exchange Commission’s fraud case against Angelo Mozilo, the former chief executive officer of Countrywide Financial Corp., is heading to trial on Oct. 19 after a federal judge refused to dismiss the charges.
U.S. District Judge John Walter in Los Angeles on Sept. 16 rejected motions filed by Mozilo, the most prominent executive targeted by federal regulators over the subprime mortgage crisis, and two other defendants, Countrywide’s former president, David Sambol, and former chief financial officer, Eric Sieracki.
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