SEC charges head of small REIT and BDC with fraud
Suneet Singal allegedly lied about owning a dozen hotels to close a deal.
The Securities and Exchange Commission on Friday charged the CEO and owner of a small nontraded real estate investment trust, First Capital Real Estate Trust Inc., with fraud, alleging that he lied about owning a dozen hotels and contributing them to the REIT to close a deal.
Mr. Singal "received c
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