Defendant Name:
Federal National Mortgage Association
Defendant Type:
Public Company
Document Reference:
2007-219
Document Details
Legal Case Name
SEC v. Federal National Mortgage Association
Document Name
SEC Distributes $356 Million to Defrauded Fannie Mae Investors - Investor Protection Agency's "Fair Funds" Distributions to Fraud Victims Top $3 Billion Mark
Document Date
19-Oct-2007
Document Format
Civil Proceeding
Case Number
06-cv-00959
Federal District Court
District of Columbia, District of Columbia
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC "announced that checks totaling more than $356 million
are going in today's mail to investors harmed by the financial fraud at
Fannie Mae (Federal National Mortgage Association) between 1998 and
2004. With today's payments, the SEC has distributed more than $3 billion
overall since the agency was given authority to send financial penalties
from SEC enforcement actions to the victims of financial fraud."
Disgorgement & Penalty Information
Monetary Penalties:
Total Penalty
Individual:
$350,000,000.00
Shared: