This document details a complaint filed by the Securities and Exchange Commission against Angelo Mozilo, David Sambol, and Eric Sieracki, the top three executives at Countrywide Financial Corporation, for securities fraud and insider trading. The complaint alleges that from 2005-2007, the executives misled investors by falsely portraying Countrywide as primarily a prime quality mortgage lender, while hiding that it was taking on increasing credit risk through expanded subprime lending and loosened underwriting standards. Mozilo engaged in insider trading while in possession of non-public information about Countrywide's deteriorating loan quality and risk to its business model.