Thornburg Income Builder Opportunities Trust

A registered investment trust that focuses on providing current income and additional total return by investing in a range of income-producing securities.

CCI Score

-21.57

0.01% April 18

Latest Event

SEC Charges Three Thornburg Executives with Fraud

Federal regulators charged three former executives of the now-defunct Thornburg Mortgage Inc. with fraudulent accounting practices, alleging they inflated the company's income by over $400 million in 2007 by concealing margin calls during a severe liquidity crisis.

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ACCOMPLICE

Thornburg Income Builder Opportunities Trust is currently rated as an Accomplice.

-20 to -29 CCI Score

These companies profit from authoritarian practices through their business dealings. Although they may not be directly enforcing oppressive policies, their actions contribute to the economic and operational sustenance of authoritarian regimes.

Latest Events

MAR

13

2012

SEC Charges Three Thornburg Executives with Fraud
-21.57

Federal regulators charged three former executives of the now-defunct Thornburg Mortgage Inc. with fraudulent accounting practices, alleging they inflated the company's income by over $400 million in 2007 by concealing margin calls during a severe liquidity crisis.
-80

Business Practices and Ethical Responsibility

April 1

The SEC's charges highlight flagrant breaches in ethical business practices. By allegedly inflating income figures and concealing critical financial data, the executives violated standards of transparency and accountability, undermining shareholder trust and contributing to financial instability—a clear failure in ethical corporate conduct.

SEC charges 3 Thornburg executives with fraud | AP News