6/28/18 - Former Chief Financial Officer of Bankrate Inc. Pleads Guilty
Edward J. DiMaria, 53, of Fairfield County, Connecticut, pleaded guilty to one count of conspiracy to make false statements to a public company’s accountants, falsify a public company’s books, records and accounts, and commit securities fraud; and one count of making materially false statements to the Securities and Exchange Commission (SEC). The scheme caused more than $25 million in losses to Bankrate’s shareholders.
“The consequences of this type of financial fraud scheme are far reaching, affecting not only the economy in the United States, but also the world’s financial markets,” said Inspector in Charge Adame. “Those who engage in this type of abuse of power while in positions of authority should know they cannot escape detection. They will be found and they will be held accountable for their actions. The U.S. Postal Inspection Service has a long history of investigating complex financial fraud schemes, like this one, in order to protect investors and the integrity of the financial marketplace.”
https://www.justice.gov/opa/pr/former-chief-financial-officer-bankrate-inc-pleads-guilty-orchestrating-complex-25-million