|Bid||0.619 x 80000|
|Ask||0.628 x 751200|
|Day's Range||0.590 - 0.635|
|52 Week Range||0.479 - 2.680|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||360.00|
Mexico-based home builder Desarrolladora Homex SAB de CV (HOMEX.MX) has agreed to settle charges it reported fake sales to boost revenues in what U.S. authorities said on Friday was a $3.3 billion accounting fraud. The U.S. Securities and Exchange Commission said in a statement that it used satellite imagery to show that Homex, one of Mexico's largest homebuilders at the time, "had not even broken ground on many of the homes for which it reported revenues" over a three-year period. Homex agreed to the settlement, which must still win court approval, without admitting or denying the charges, the SEC said.
The SEC has announced that a Mexico-based homebuilder has agreed to settle charges that it reported fake sales for over 100,000 homes to boost revenues in its financial statements during a three-year period....