Fla. Jury Finds Radius CEO Liable For MBS Fraud

Law360, Los Angeles (February 6, 2014, 8:14 PM EST) -- A Florida federal jury on Thursday determined that Radius Capital Corp. CEO Robert A. DiGiorgio knowingly or recklessly made false or misleading statements in relation to Radius' issuance of $23 million in mortgage-backed securities guaranteed by Ginnie Mae, handing the U.S. Securities and Exchange Commission a victory in the case.

Following a 10-day trial before U.S. District Judge John E. Steele, the jury found in favor of the SEC on all of its securities fraud claims against DiGiorgio, determining he made material misrepresentations and omissions in...
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