- Following the stories of ties between Banc of California (BANC -2.1%) and Jason Galanis, SA contributor Real Talk Investments looked into the shady character's connection with BOFI. "My research leads me to believe that a reasonable person could infer that Galanis has a relationship with BOFI that remains undisclosed to this date," he writes, calling on CEO Greg Garrabrants to address the issue on tomorrow's earnings call.
- Real Talk also takes note of BofI's external auditor Gary McCormick's ties to fraudster Barry Minkow.
- Down sharply earlier thanks to the story, BofI has rebounded to off 0.15% on the session.