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SEC Lodges Groundbreaking $400 Million Penalty Against Fannie Mae
SEC v. Federal National Mortgage Association
- 2006
- $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.
