Violation Tracker Individual Record
Company:Federal Home Loan Mortgage Corporation (Freddie Mac)
Date:September 27, 2007
Offense Group:financial offenses
Primary Offense:investor protection violation
Federal Home Loan Mortgage Corporation (Freddie Mac) agreed to pay $50 million to settle allegations of securities fraud in connection with improper earnings management beginning as early as 1998 and lasting into 2002.
Level of Government:federal
Action Type:agency action
Agency:Securities and Exchange Commission
Civil or Criminal Case:civil
HQ Country of Parent:USA
HQ State of Parent:Virginia
Ownership Structure of Parent:government-sponsored
Major Industry of Parent:financial services
Specific Industry of Parent:secondary mortgage market
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