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Former Real Estate Investing Executive Is Charged With Fraud | Tony Seruga
Sep
08

Former Real Estate Investing Executive Is Charged With Fraud

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The former chief financial officer of the real estate investing giant American Realty Capital Properties was arrested on Thursday morning at his home in Pennsylvania on charges that he fraudulently inflated financial performance numbers for the company in 2014.

The executive, Brian Block, was expected to appear in federal court in Manhattan on Thursday afternoon to face charges that he knowingly misled investors through material misrepresentations about American Realty Capital’s financial results, prosecutors said.

“When investors are lied to about material information, as is alleged to have happened here, the perpetrators need to be investigated and prosecuted,” said Preet Bharara, the United States attorney in Manhattan…

Former Real Estate Investing Executive Is Charged With Fraud

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