SEC
Whistleblower
Advocates

October 27, 2015

The St. Joe Company, Wm. Britton Greene, William S. McCalmont, Janna L. Connolly, J. Brian Salter, Phillip B. Jones

Financial Fraud

SANCTION AMOUNT: $3,811,064

Defendants: The St. Joe Company
Wm. Britton Greene, William S. McCalmont, Janna L. Connolly, J. Brian Salter, Phillip B. Jones

Settlement with an NYSE-listed real estate developer/landowner company, its former top executives, and two former accounting department directors, of charges of improper accounting regarding the declining value of the company’s residential real estate developments during the financial crisis. This misconduct allegedly resulted in materially overstated earnings and assets in 2009 and 2010.

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