SEC Charges Former Treasurer of Major Mortgage Lender for Role in Securities Fraud and TARP Scheme

Washington, D.C. – February 24, 2011 – (RealEstateRama) — The Securities and Exchange Commission today charged the former treasurer of the one-time largest non-depository mortgage lender in the country with aiding and abetting a $1.5 billion securities fraud scheme and an attempt to scam the U.S. Treasury’s Troubled Asset Relief Program (TARP)