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August 25th, 2008

2 plead not guilty to data scam at Countrywide

A former senior analyst for Countrywide Home Loans and another man have pleaded not guilty in an alleged scam to download and sell customer data from the mortgage lender.

Ex-Countrywide employee Rene L. Rebollo Jr. of Pasadena and Wahid Siddiqi of Thousand Oaks entered their pleas Monday in U.S. District Court in Los Angeles.

Rebollo could face five years in federal prison if convicted on charges of unauthorized access to Countrywide’s computers. Siddiqi could face 15 years if convicted of fraud.



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