On December 20, 2017, John P. Cronan, Acting Assistant Attorney General of the Justice Department’s Criminal Division; Benjamin Greenberg, Acting U.S. Attorney for the Southern District of Florida; and Regina Faulkerson, Inspector in Charge of the U.S. Postal Inspection Service’s Criminal Investigations Group, announced the unsealing of an indictment charging the former CFO of Bankrate Inc. with participating in a securities and accounting fraud scheme.  The indictment, filed in the Southern District of Florida, charged Edward J. DiMaria with one count of conspiracy to make false statements to a public company’s accountants and to falsify a public company’s books, records and accounts; six counts of false entries in a public company’s books, records and accounts; three counts of false statements to a public company’s accountants; one count of conspiracy to commit securities fraud and wire fraud; one count of wire fraud; and one count of securities fraud.  DiMaria and his co-conspirators are alleged to have made a variety of misstatements and misrepresentations in Bankrate’s financial statements to inflate the value of Bankrate, a publicly traded company.  DiMaria is also alleged to have made a large profit by selling his own Bankrate shares, even as he made these misrepresentations to the public.  U.S. v. DiMaria, 1:17-CR-20898 (S.D. Fl.)

DOJ Press Release