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…
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