'Terry' & the New Century Pirates
Sue Reisinger/CorporateCounsel: Report: New Century's GC Warned Managers of Subprime Danger
Listening to its general counsel might well have saved New Century Financial Corp.. . . former New Century general counsel Stergios "Terry" Theologides recognized the high risk of subprime mortgages and warned senior managers about it in a memo in the fall of 2004. But no one paid attention. [Via Law.com]
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