SEC investigation into Paramount’s past dealings heats up
The Securities and Exchange Commission is ramping up its investigation into the past dealings of the now-defunct Paramount Group, months after the firm was sold to Rithm Capital, sources told The Real Deal. Paramount Group, a major office landlord in New York and San Francisco, revealed last summer it was under an SEC investigation for its disclosures around the use of corporate assets, executive compensation, related-party transactions and conflicts of interest. At the time, the company had disclosed it had made millions of dollars in payments to its long-time CEO Albert Behler in previously undisclosed compensation. These payments included more […]
This article originally appeared on The Real Deal. Click here to read the full story.
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