American Realty Capital's former CFO has been charged with orchestrating an accounting fraud that overstated a key metric by roughly $13 million in 2014, according to the U.S. Attorney’s office.
American Realty was part of the former business empire once run by Nicholas Schorsch, which included REITs as well as independent broker-dealer Cetera. RCS Capital, the parent company of Cetera, cut its ties with Schorsch after filing for bankruptcy earlier this year.
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