St. Joe Company, former execs settle with SEC over alleged real estate overvaluing

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The former head of american home mortgage investment corp. has agreed to pay nearly $2.5 million to settle federal civil charges of accounting fraud and concealing the company’s deteriorating.

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The Securities and Exchange Commission today charged The St. Joe Company, a Watersound, Florida-based real estate developer and landowner, its former top executives, and two former accounting department directors, with improperly accounting for the declining value of its residential real estate developments during the financial crisis.

Former CEO Michael Laphen is among those that were charged as a result of a years-long probe into CSC bookkeeping.

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The St. Joe Company, Wm. Britton Greene, William S. McCalmont, Janna L. Connolly, J. Brian Salter, Phillip B. Jones. Settlement with an NYSE-listed real estate developer/landowner company, its former top executives, and two former accounting department directors, of charges of improper accounting regarding the declining value of the company s.

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The company that operates the financial news website TheStreet.com and three executives have settled federal civil charges of accounting fraud. The Securities and Exchange Commission said Tuesday.

St. Joe Company, former execs settle with SEC over alleged real estate overvaluing The St. Joe Company, a Watersound, Florida-based real estate developer and landowner will pay$2.75 million to settle charges brought by the Securities and Exchange Commission (SEC) that improperly accounted for the declining value of its residential real estate.

Law360, Los Angeles (September 26, 2014, 4:29 PM EDT) — A California judge on Friday tossed a putative shareholder derivative class action alleging Intel Corporation’s board and other top executives.