Larry White, president and CEO of the 20-year-old, vacation resort communities development firm, says the company "intends to cooperate fully with the SEC's investigation."
In a prepared statement, White says "the company hopes the SEC's investigation can be concluded as quickly as possible. These last 12 months have been very difficult and we are eager to focus, once again, our entire energies on homebuilding."
White says his company has "built a well-respected reputation for high-quality real estate development." Besides vacation resort properties, Whitemark develops single-family housing communities "which accommodate the ever-growing baby boomer and retirement markets, both domestically and internationally."
The company also provides several mortgage financing services through Home funding, a wholly owned subsidiary.
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