Defendant Name:
Desarrolladora Homex S.A.B. de C.V
Defendant Type:
Public Company
SIC Code:
1522
CUSIP:
25030W10
Document Reference:
comp23765
Document Details
Legal Case Name
SEC v. Desarrolladora Homex S.A.B. de C.V.
Document Name
Complaint for Violations of the Federal Securities Laws
Document Date
03-Mar-2017
Document Format
Civil Proceeding
Case Number
17-cv-00432
Federal District Court
California, Southern District of California
Allegation Type
Issuer Reporting and Disclosure
Document Summary
In the complaint, The Commission alleged that "From at least 2010 through 2013, and acting, with scienter, through certain of its then senior officers and employees, Homex improperly recognized billions of dollars of revenue. In particular, Homex systematically and fraudulently reported revenue from the sale of tens of thousands of homes annually that it had neither built nor sold. Homex personnel perpetrated this fraud by manually entering false information into its internal accounting and financial systems."
