BankAtlantic controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile3 entries
2012
SEC allegations concerning loan disclosures
The Securities and Exchange Commission filed a civil lawsuit against BankAtlantic and Alan B. Levan, alleging that investors had been misled about problems in the bank's loan portfolio. The available reference does not state the final outcome.
2010
Alleged dealings involving Mexican drug traffickers
A report described BankAtlantic as one of several United States banks implicated in dealings involving Mexican drug traffickers and stated that the bank entered into a settlement arrangement with the Department of Justice.
2006
Suspicious transactions investigation
An investigation into transactions involving Florida drug traffickers reported that more than $50 million in suspicious transactions had moved through certain BankAtlantic accounts. BankAtlantic paid a reported $10 million penalty.