3 Responses

  1. http://www.scribd.com/doc/45054759/Origination-News-Guilty-Verdict-in-Bank-Atlantic-s-Securities-Fraud-Case

    Securities fraud class action cases tend to be rare courtroom trial experiences that have some “red flag” warnings for those who may not be on trial yet. It is even more so during a crisis.

    A federal jury in Miami found BankAtlantic Bancorp Inc. of Fort Lauderdale and two senior officers guilty for lying about and failing to disclose the extent of risk in its troubled so-called land loan portfolio in 2007 causing investors millions of dollars in damages.

    According to the verdict investors overpaid by $2.41 per share between April 26, 2007 and Oct. 26, 2007.

  2. I’ve seen this one before. I don’t think it would be wise for anybody to put any stock in this one. Not sure what planet this guy is from or is living on.

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