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May 1, 2017
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Current Investigations
Federal Judge Rules on CFO’s Dismissal Request According to various reports, Federal Judge Paul Oetken in Manhattan refused to dismiss an indictment accusing a former chief financial officer, Brian Block of American Realty Capital Properties Inc. of fraudulently inflating financial data for the massive REIT.
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September 8, 2016
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Blog, Current Investigations
Have you suffered losses investing in American Realty Capital Properties (ARCP)? If so, the attorneys at The White Law Group may be able to help. On September 8th, the Securities and Exchange Commission charged two former accounting executives with overstating the financial performance of a large publicly-traded real
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November 14, 2015
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Blog, Securities Fraud
Former executives of Vereit, formerly known as American Realty Capital Properties (ARCP), are accused of an accounting fraud that cost investors billions. The Vanguard Group and certain affiliates have filed suit against Vereit, Vereit Operating Partnership, AR Capital, ARC Properties Advisers, RCAP Holdings, RCS
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April 29, 2015
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Blog, Securities Fraud
The investigation into American Realty Capital and Nicholas Schorsch REIT empire continues. What started out as a $24 million dollar accounting error has led to investigations by the U.S Justice Department, Securities Exchange Commission, and some state investigators. According to Bloomberg Business, a class action
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December 24, 2014
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Blog, Securities Fraud
According to InvestmentNews, Massachusetts securities regulator has expanded their investigation. Secretary Galvin began investigating the wholesaling broker-dealer arm of Nicholas Schorsch REIT empire, Realty Capital Securities, earlier this year. The Commonwealth was investigating the way REITs were sold to
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November 12, 2014
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Blog, Securities Fraud
According to InvestmentNews, Massachusetts secretary, William Galvin, is investigating how Realty Capital Securities sold nontraded REITs. Mr. Galvin’s office includes the Massachusetts securities division and is specifically looking at what information investors received when they bought the REITs. Mr.
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November 6, 2014
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Blog, Securities Fraud
Two more broker dealers have suspended the sales of REITs associated with Nicholas Schorsch, the executive chairman of American Realty Capital. In addition to Securities America, LPL Financial Holdings and AIG Advisor Group have also suspended the sale of select REITs. According to investment News, AIG Advisor Group
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November 4, 2014
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Blog, Securities Fraud
According to InvestmentNews, Securities America recently announced that the firm has suspended the sales Phillips Edison-ARC Grocery Center REIT II and Cole Capital Properties V. The two REITS are associated with American Realty Capital Properties (ARCP). The selling suspension of the REITs follows news that U.S.
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