April 20, 2015
A Florida federal judge said Monday that a mortgage lender and its former CEO must pay the U.S. Securities and Exchange Commission at least $2.7 million after a jury found that the company had committed securities fraud while selling mortgage-backed securities.
February 06, 2014
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.
July 15, 2013
A Florida federal judge refused Monday to fully dismiss a U.S. Securities and Exchange Commission suit alleging Radius Capital Corp.'s CEO tricked Ginnie Mae into guaranteeing $23 million in mortgage-backed securities since factual issues remain, but said some of the SEC's claims are time-barred.
August 31, 2012
A Florida federal judge refused Thursday to sanction the U.S. Securities and Exchange Commission for allegedly destroying evidence in its suit alleging Radius Capital Corp.'s CEO tricked Ginnie Mae into guaranteeing $23 million in mortgage-backed securities.
March 01, 2012
The CEO of Radius Capital Corp. must face claims that he tricked Ginnie Mae into guaranteeing $23 million in mortgage-backed securities by falsely claiming the underlying loans were insured by the government, a Florida federal judge ruled Thursday.
March 07, 2011
The U.S. Securities and Exchange Commission accused Radius Capital Corp. in Florida federal court Monday of lying to Ginnie Mae about the health of its mortgages in order to get the government corporation to guarantee $23 million in mortgage-backed securities it issued.