AMREP Corporation controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1993
Federal Trade Commission land-sales case
The FTC brought a civil case based on allegations similar to the earlier investor-deception matter. The case ended with a $350,000 settlement for approximately 22,000 land buyers.
1975
Alleged investor deception in land sales
Regulators alleged that AMREP misrepresented the likely returns and resale prospects of land investments sold to approximately 45,000 investors. Four officers and one director received six-month prison sentences, and the company was fined $45,000.