Angelo Mozilo, chief executive officer of Countrywide Financial Corp., testifies at a hearing of the House Oversight and Government Reform Committee on severance packages for executives involved in the subprime mortgage crisis, in Washington, D.C., U.S., on Friday, March 7, 2008. Mozilo, who left Countrywide upon it's acquisition by Bank of America in July 2008, may now be the target of a civil-fraud claim by the Securities and Exchange Commission. Photographer: Jay Mallin/Bloomberg News
JAY MALLIN Angelo Mozilo, chief executive officer of Countrywide Financial Corp., testifies at a hearing of the House Oversight and Government Reform Committee on severance packages for executives involved in the subprime mortgage crisis, in Washington, D.C., U.S., on Friday, March 7, 2008. Mozilo, who left Countrywide upon it's acquisition by Bank of America in July 2008, may now be the target of a civil-fraud claim by the Securities and Exchange Commission. Photographer: Jay Mallin/Bloomberg News

Countrywide Financial Corp. co- founder Angelo Mozilo hasn't escaped the wrath of prosecutors for his company's role in inflating the U.S housing bubble that preceded the financial crisis.

Read More