LOS ANGELES – Three former executives at countrywide Financial Corp. agreed to plead guilty to criminal insider trading charges in a scheme that netted each of them tens of thousands of dollars. The three used inside information that the company would not meet profit forecasts for the third quarter of 2004, then sold short shares that they earned in advance of the public announcement of third quarter financials. The three executives: Alan Cao, 38, of Woodland Hills., Calif; Quan Zhu, 43, of Santa Monica; and Jun Shi, 43, of Moorpark, were all vice presidents and have since been fired. The three former executives have also agreed to settle civil charges brought by the Securities and Exchange Commission.
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