A key executive in the crumbled business empire of former RCS Capital boss Nicholas Schorsch was found guilty of securities fraud, false securities filings and conspiracy.
Former American Realty Capital Properties CFO Brian Block faces up to decades behind bars after a jury in New York reached the verdict Friday. Federal prosecutors accused Block in September of distorting the publicly traded REIT’s value by inflating a key earnings measure by about $13 million in 2014.
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