Ex-AHM Chief Settles with SEC

Former American Home Mortgage founder and CEO Michael Strauss--who is now in the loan modification business--has agreed to pay the Securities and Exchange Commission $2.45 million to settle a slew of allegations including one where he had others turn company losses into "fictional" profits...

Full description

Saved in:

Bibliographic Details
Published in:	National Mortgage News 2009-05, Vol.33 (31), p.1
Main Author:	Muolo, Paul
Format:	Article
Language:	eng
Subjects:	Fines & penalties Independent regulatory commissions Loan workouts Losses Mortgage companies Mortgages Regulation Settlements & damages
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!

Description
Summary:	Former American Home Mortgage founder and CEO Michael Strauss--who is now in the loan modification business--has agreed to pay the Securities and Exchange Commission $2.45 million to settle a slew of allegations including one where he had others turn company losses into "fictional" profits. As part of the SEC settlement, the former American Home chief agreed not to serve as an officer or director of a publicly traded company for five years.
ISSN:	1050-3331