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Search Results: REIT
Results 160-170 of about 263
Date: November 18, 2018
A Financial Industry Regulatory Authority arbitration panel has awarded eight retirement investors $1,019,211 in a Texas real estate investment trust case involving three United Development Funding (UDF) REITs .
Date: October 3, 2018
SII Investments to Pay Back Clients Over Nontraded REITs Massachusetts Secretary of the Commonwealth William Galvin is ordering SII Investments Inc. to repay clients who purchased non-traded real estate investment trusts through the independent brokerage firm. According to Galvin’s office, ...
Date: August 29, 2018
Investors who placed their funds in the Texas-based United Development Funding IV real estate investment trust are asking a federal judge to approve a $13.5M REIT fraud settlement they’d reached with the company over the allegations that it had been ...
Date: February 14, 2018
SEC Cases: Atlanta Fund Manager is Accused of Misusing Investors’ Funds and Final Judgments are Reached in $1.95M Matched Trades Scam and in REIT Fraud Case Against Ex-ARCP CFO Brian Block
Date: November 30, 2017
The REIT came under fire two years ago after an investor website issued a report accusing UDF IV of being run like a Ponzi scam.
Date: November 9, 2017
Prosecutors accused Block of inputting bogus figures when preparing the REIT’s financial reporting. He allegedly did this to hide a calculation mistake that occurred in an earlier financial report. Following the disclosure of the accounting misstatements, American Realty’s share price ...
Date: October 5, 2017
RCAP, once controlled by Schorsch and others, was a privately held brokerage firm that wholesaled American Reality Capital nontraded REITs. Schorsch also owned ARC, which set up and managed the real-estate investment trusts. Continue Reading ›
Date: July 5, 2017
Following the rendering of the verdict in the REIT fraud case, a lawyer for Block said that his client plans to appeal. According to the US Department of Justice, an employee notified Block, as well as then-accounting chief Lisa McAllister ...
Date: June 20, 2017
Former REIT CFO’s Criminal Trial is Under Way Brian Block, the ex-American Realty Capital Properties CFO, is on trial over his alleged involvement in accounting errors that led to the former Nicholas Schorsch-controlled real estate investment trust’s release of inaccurate ...
Date: May 30, 2017
David Lerner Associates to Pay NJ Over Nontraded REIT Sales David Lerner Associates has agreed to pay a $700K penalty to resolve allegations accusing it of illegally selling nontraded real estate investment trusts in the state of New Jersey.
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