BBX Capital and its chairman, Alan Levan, are ordered to pay a combined $5.85 million for fraud as bad loans brought down Fort Lauderdale-based BankAtlantic.
September 24, 2015 at 04:00 PM
1 minute read
BBX Capital Corp. was ordered Thursday to pay $4.55 million after a federal jury found its predecessor violated Securities and Exchange Commission regulations.
Company chairman and CEO Alan Levan, the former head of housing crash casualty BankAtlantic, will face $1.3 million in civil penalties and a two-year ban on serving as an officer or director in any publicly traded company.
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