Items Tagged with 'Bankrate'

ARTICLES

  • Baton Holdings agrees to $28 million fine to settle Bankrate fraud scheme

    Bankrate's successor admits former execs cooked the books
    As Bankrate's successor in interest, Baton Holdings has agreed to pay $28 million to settle the accounting fraud charges against Bankrate. Baton admitted that former Bankrate executives inflated earnings, which led to at least $25 million in losses for shareholders, and agreed to pay a penalty and restitution to settle the case.
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  • Are Americans turning their backs on homeownership?

    Survey says affordability is a major deterrence, especially for Millennials
    Homeownership has long been perceived as an essential part of the American dream, but is a lack of affordability weakening demand? A new report from Bankrate indicates that 44% of homeowners say they regret their home purchases, citing affordability as a major concern.
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  • Former Bankrate CFO gets 10 years for cooking the books to the tune of $25 million

    Pleaded guilty to defrauding shareholders out of $25 million
    The former chief financial officer of Bankrate will spend the next 10 years in prison after admitting in court earlier this year that he falsified the company’s accounts in a scheme that ended up costing shareholders $25 million. According to the Department of Justice, Edward DiMaria used his position at Bankrate to artificially boost the company’s earnings from 2010 through 2014.
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  • Real estate no longer top investment choice for Americans

    Focus shifts to stocks, cash investments
    Americans are beginning to shift their investments to other areas as real estate fell not one but two spots from being the top investment choice back in 2016. Americans across all ages said that real estate is their third pick for the investment of money they won’t need for more than 10 years.
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  • Former Bankrate CFO admits to defrauding shareholders out of $25 million

    Edward DiMaria pleads guilty to accounting and securities fraud
    Bankrate’s former chief financial officer admitted in court this week that he cooked the company’s books over a four-year period in a scheme that eventually cost shareholders more than $25 million. According to the DOJ, Edward DiMaria used his position at Bankrate, a publisher, aggregator, and distributor of personal finance content and lead generator for the financial services industry, to artificially inflate the company’s earnings from 2010 through 2014.
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  • Financial publishing giant Bankrate selling to Red Ventures for $1.24 billion

    All-cash deal values Bankrate at $1.4 billion
    In a move that could shake up the financial services industry, Bankrate announced earlier this week that it agreed to be acquired by Red Ventures, which bills itself as a “digital consumer choice platform,” in a deal that values Bankrate at $1.4 billion. Under the terms of the agreement, Bankrate shareholders will receive $14 per share in cash, which places the total purchase price for Bankrate at approximately $1.24 billion.
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  • Here are the top 5 best states to retire

    Traditional retirement hotspots didn’t fare so well
    While many associate sunny beach states such as Florida with retirement, these states actually didn’t fare as well in Bankrate’s new study which ranks the top states in which to retire. Whether planning to move to a new state for retirement, the plan of many Millennials, or planning to age in place, like the Silent Generation, here are the study’s top five states in which to do so.
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  • 10 best and worst markets for first-time homebuyers right now

    And a breakdown of key factors blocking homeownership
    As the industry gears up for the spring homebuying season, first-time homebuyers are once again stuck trying to gauge exactly how affordable their market is, along with if it’s even one they are able to jump into. This new report from Bankrate shows what markets are ideal for first-time homebuyers. Does yours rank at the top of the list?
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