The government has reached a $16.4 million settlement with Freddie Mac former CEO Leland Brendsel for his role in the mortgage finance company's multibillion-dollar accounting scandal. Leland Brendsel agreed to pay $2.5 million in government fines, give back $10.5 million in salary and bonuses to Freddie Mac and waive $3.4 million in compensation claims against the company. The Office of Federal Housing Enterprise Oversight, which oversees Freddie Mac, had filed civil charges against Brendsel in 2003.
November 07, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The government on Tuesday reached a $16.4 million settlement with Freddie Mac’s former CEO for his role in the mortgage finance company’s multibillion-dollar accounting scandal.
Leland Brendsel, who was ousted in 2003, agreed to pay $2.5 million in fines to the government, give back $10.5 million in salary and bonuses to Freddie Mac and to waive claims against the company for compensation worth $3.4 million.
Presented by BigVoodoo
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation.
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
Duane Morris seeks an associate with 3-4 years of experience to join its Employee Benefits and Executive Compensation Group in its Philadelp...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
