A government regulator is claiming that business executive Alan B. Levan deceived BankAtlantic investors about the quality of its real estate loans.
Levan, who led the former Fort Lauderdale-based BankAtlantic (now BB&T) as its CEO and chairman of the board, was reportedly portrayed as a liar who is unfit to run a public company.
The South Florida Business Journal reported that Levan and his legal team are mounting an “aggressive defense.”
The SEC filed a lawsuit in 2012 against Levan over allegations of securities and accounting fraud. [South Florida Business Journal] – Katherine Kallergis