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  • Reuters19 days ago

    U.S. charges ex-American Realty executives with inflating results

    U.S. prosecutors on Thursday announced criminal fraud charges against two former American Realty Capital Properties Inc executives stemming from a 2014 accounting scandal that wiped out roughly $4 billion of the real estate investment trust's market value. Former Chief Financial Officer Brian Block, 44, was charged with six criminal counts, including securities fraud, conspiracy and making false statements, according to U.S. Attorney Preet Bharara in Manhattan. Lisa McAlister, 52, a former chief accounting officer, pleaded guilty on June 29 to four counts, including securities fraud and conspiracy, and is cooperating, Bharara said.

  • MarketWatch19 days ago

    Former REIT executive charged with accounting fraud for using non-GAAP metric

    The use of the metric inflated the company’s results, according to authorities.

  • MarketWatch2 months ago

    Global Net Lease to acquire American Realty Capital Global for $247 million

    Global Net Lease to acquire American Realty Capital Global, a company it created before going public, for $247 million.