Brian Block denies cooking the books at Schorsch REIT

Former CFO claims everything he did was ‘appropriate’ and ‘correct’

June 27, 2017 | by Bruce Kelly | InvestmentNews

Fighting to prove his innocence from federal securities fraud charges, Brian Block, the former CFO of a giant REIT formerly controlled by Nicholas Schorsch, took the stand in federal court in Manhattan on Monday and testified he did not fudge numbers for an important cash flow metric.

Mr. Block is the former chief financial officer of American Realty Capital Properties Inc., a net lease real estate investment trust, accused of securities fraud, conspiracy and making false filings with the Securities and Exchange Commission, stemming from $23 million in inaccurate accounting entries at the…

Recent

LinkedIn Strategy Approaches For Alternative Investment Firms At Every Stage

November 18, 2024

Master LinkedIn strategy with tailored approaches for light, medium, and heavy usage to build relationships, engage with key decision-makers, and boost your firm’s visibility in the alternative investment sector.

Madison Capital Group Launches $250M Self-Storage Opportunity Fund

November 14, 2024

Madison Capital Group launches the Go Store It Opportunity Fund, LP, a $250 million investment initiative targeting self-storage facilities in high-growth Sun Belt markets to meet rising demand.

Investors Fully Subscribe ExchangeRight All-Cash DST with Strategic Exit Options

November 12, 2024

ExchangeRight’s fully subscribed All-Cash 5 DST offers investors tax-efficient passive income with stable monthly distributions backed by recession-resilient, net-leased real estate tenants.

CNL Strategic Capital Launches Second Follow-On Offering of $1.1 Billion

November 6, 2024

CNL Strategic Capital has launched a second follow-on offering to raise $1.1 billion, continuing its strategy to acquire and grow durable middle-market businesses.

Most Popular

Blue Vault Performance Reports Update 10-23-2023

October 23, 2023

Blue Vault has published the following Interval Fund and Tender Offer Fund individual performance reports...

Blue Vault Q2 2023 Performance Reports Update

October 3, 2023

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…

Blue Vault Q2 2023 Performance Reports Update

September 25, 2023

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Don’t miss alts news
and educational events
Subscribe Now