{"id":6042,"date":"2016-09-30T17:39:17","date_gmt":"2016-09-30T22:39:17","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1102"},"modified":"2022-05-19T08:46:01","modified_gmt":"2022-05-19T13:46:01","slug":"former-arcp-cfo-pleads-not-guilty-criminal-securities-fraud-charges","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/former-arcp-cfo-pleads-not-guilty-criminal-securities-fraud-charges\/","title":{"rendered":"Former ARCP CFO Pleads Not Guilty to Criminal Securities Fraud Charges"},"content":{"rendered":"<blockquote>\n<div class=\"WordSection1\">\n<div class=\"\"><\/div>\n<div class=\"\"><span class=\"\">Brian S. Block, the ex-CFO of American Realty Capital Properties Inc., now called Vereit, has pleaded not guilty to criminal charges that accuse him making false filings with the SEC, making false certifications, securities fraud, and conspiracy to commit securities fraud. His criminal trial is scheduled for May 2017.<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">The U.S. Department of Justice had filed the charges against Block earlier this month. He was arrested at his home in September.<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0According to a statement issued by Manhattan U.S. Attorney Preet Bharara, Block is accused of knowingly misleading the public and doing so through material misrepresentations about a key metric for evaluating the real estate investment trust\u2019s 2014 financial performance. The government claims that Block overstated, by approximately $13M, the \u201cadjusted funds from operations\u201d for that year. As a result, the public thought that ARCP was performing better than how it was actually doing. \u00a0<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<div class=\"\"> <a href=\"https:\/\/www.investorlawyers.com\/blog\/former-arcp-cfo-pleads-not-guilty-criminal-securities-fraud-charges\/#more-6042\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n<\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Brian S. Block, the ex-CFO of American Realty Capital Properties Inc., now called Vereit, has pleaded not guilty to criminal charges that accuse him making false filings with the SEC, making false certifications, securities fraud, and conspiracy to commit securities fraud. His criminal trial is scheduled for May 2017. \u00a0 The U.S. Department of Justice [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3759],"tags":[2814,3677],"class_list":["post-6042","post","type-post","status-publish","format-standard","hentry","category-reits","tag-arcp","tag-brian-block"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Former ARCP CFO Pleads Not Guilty to Criminal Securities Fraud Charges &#8212; Investor Lawyers Blog &#8212; September 30, 2016<\/title>\n<meta name=\"description\" content=\"Brian S. Block, the ex-CFO of American Realty Capital Properties Inc., now called Vereit, has pleaded not guilty to criminal charges that accuse him &#8212; September 30, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/former-arcp-cfo-pleads-not-guilty-criminal-securities-fraud-charges\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Former ARCP CFO Pleads Not Guilty to Criminal Securities Fraud Charges &#8212; Investor Lawyers Blog &#8212; September 30, 2016\" \/>\n<meta name=\"twitter:description\" content=\"Brian S. Block, the ex-CFO of American Realty Capital Properties Inc., now called Vereit, has pleaded not guilty to criminal charges that accuse him &#8212; September 30, 2016\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Former ARCP CFO Pleads Not Guilty to Criminal Securities Fraud Charges &#8212; Investor Lawyers Blog &#8212; September 30, 2016","description":"Brian S. 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