SEC & DOJ Prosecutions
SEC Lodges Groundbreaking $400 Million Penalty Against Fannie Mae
SEC v. Federal National Mortgage Association
- $400 million
Following a three year investigation into widespread accounting manipulation at Fannie Mae, the largest U.S. buyer and guarantor of home mortgages, the SEC lodged a $400 million penalty against the company — one of the Commission’s largest penalties assessed in an accounting fraud case.