SEC
Whistleblower
Attorneys

December 17, 2018

Santander Consumer USA Holdings Inc.

Financial Fraud

SANCTION AMOUNT: $1500000

Defendants: Santander Consumer USA Holdings Inc.

The Respondent, a publicly-traded issuer of subprime automobile loan securitizations, settled charges that it used faulty accounting on troubled loans. Such loans allegedly were improperly grouped with other loans with different characteristics, and Respondent had to restate its financials twice as a result.

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