Defendant Name: First Bancorp

Defendant Type: Public Company
SIC Code: 6022
CUSIP: 31867270

Document Reference: complaint_07-cv-07039

Document Details

Legal Case Name SEC v. First Bancorp
Document Name Complaint
Document Date 07-Aug-2007
Document Format Civil Proceeding
Case Number 07-cv-07039
Federal District Court New York, Southern District of New York
Federal District Judge Paul A. Crotty
Allegation Type Issuer Reporting and Disclosure
Document Summary The Commission stated: "The SEC brings this financial fraud action against First Bancorp, a NYSE-listed Puerto Rican bank holding company. Former senior management of First Bancorp concealed the true nature of over $4 billion worth of mortgage-related transactions from its independent auditor and the investing public between 2000 and 2005."

Related Documents:

court_doc2_07-cv-07039 21-Aug-2007 Court Docket Document
Final Judgment as to Defendant First Bancorp
The Court stated: "[Defendant First Bancorp] consented to entry of this Final Judgment without admitting or denying the allegations of the Complain (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."
LR-21117_07-cv-07039 06-Jul-2009 Litigation Release
SEC Announces Distribution of $123 Million To Doral Financial Investors Harmed By Accounting Fraud
The Commission stated: "The Securities and Exchange Commission today announced that investors who were harmed by fraudulent accounting and disclosure practices at Doral Financial Corporation are receiving $123 million in cash to compensate them for their losses. These funds include $25 million recovered by the SEC in an action brought against Doral Financial and $8.5 million in a related action brought against First BanCorp."

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SEC v. Doral Financial Corporation
Doral Financial Corporation
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Annie Astor-Carbonell (CPA)
SEC v. Angel Alvarez-Perez and Annie Astor-Carbonell
Angel Alvarez-Perez
Annie Astor-Carbonell (CPA)