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Search Results: REIT
Results 140-150 of about 245
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. ... It was last ...
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. ... In its filing with the US Securities and Exchange Commission about the complaint, the ...
Date: November 9, 2017
Prosecutors accused Block of inputting bogus figures when preparing the REIT’s financial reporting. ... Following the disclosure of the accounting misstatements, American Realty’s share price plunged, taking with it over $3B of the REIT’s market worth. It was in late ...
Date: October 5, 2017
RCAP, once controlled by Schorsch and others, was a privately held brokerage firm that wholesaled American Reality Capital nontraded REITs.
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. ... However, neither of them reported the error to auditors or to the REIT’s board.
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. ... ...
