Image Image Image Image Image Image Image Image Image Image Image Image

| August 23, 2019

Scroll to top

Top

No Comments

CBRE rigged bidding for a bank branch, fraud lawsuit alleges -

Kenneth H. Thomas’ suit says CBRE — which liquidates failed banks’ assets for the FDIC — let Stonegate Bank buy a branch for less than Thomas bid. CBRE and Stonegate dispute accusations of wrongdoing.

A well-known banking consultant has taken a dispute with CBRE Group Inc. to court, saying the Los Angeles real estate giant and Florida’s Stonegate Bank defrauded him by rigging the bidding for a bank branch in an upscale Miami suburb.



L.A. Times – Business

Submit a Comment