gaap360

study tools and other resources for aspiring beans

SEC Files Fraud Charges Against First BanCorp

The SEC announced today that it has filed financial fraud charges against First BanCorp alleging “that former senior management of the NYSE-listed, Puerto Rico-based bank holding company concealed the true nature of more than $4 billion worth of transactions involving “non-conforming” residential mortgages.”  The Complain against First BanCorp is available, here.

Advertisements

Filed under: REAL WORLD

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: