Bankrate controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2018
Accounting and securities fraud convictions involving former executives
Former chief financial officer Edward J. DiMaria was convicted of accounting and securities fraud connected to more than $25 million in reported shareholder losses. He received a ten-year prison sentence and was ordered to pay $21,234,214 in restitution. Former vice president of finance Hyunjin Lerner pleaded guilty to participating in the conspiracy and received a five-year sentence.
Concerns about AI-generated content and reliability
The Bankrate Wikipedia article reports that the site contains AI-generated articles and characterizes Bankrate and several other Red Ventures-owned sites as generally unreliable because of concerns about credibility. The available material does not establish the full scope, timing or corporate response to these concerns.