Monday, October 18, 2010

Tan Man Settles!

Posted by Sean Doyle, October 18, 2010.

Angelo Mozilo, God's gift to the tanning booth, has agreed to pay $ 67.5 million dollars to the SEC on charges that he committed fraud and insider trading during his stint as head of Countrywide Financial. Mozilo, who bares a striking resemblance to Syracuse University's beloved mascot "Otto The Orange" (see below), is the genius who brought us "liar loans" and nearly destroyed the world economy all while making himself and several California tanning salons very wealthy.
After pocketing a good chunk of change ($ 139 million) for selling his Countrywide stock in 2006 and 2007 as the phony real estate bubble which he helped to create burst, "Tan Man" now gets to ride off into the sunset. The rest of the world, however, isn't as lucky...

2 comments:

  1. The cast of the Jersey Shore has been complaining that Angelo makes Italians look bad

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