NEW YORK, Dec. 11, 2015 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of California on behalf of investors who purchased BofI Holding, Inc. (“BofI Holding” or the “Company”) (Nasdaq:BOFI) common stock between September 4, 2013 and October 13, 2015.

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According to the complaint, defendants made false and/or misleading statements and/or failed to disclose that: (1) BofI’s internal controls were frequently disregarded; (2) BofI’s borrowers included foreign nationals who should have been off-limits under federal anti-money-laundering laws; (3) many BofI accounts lacked required tax identification numbers; (4) and BofI fired an internal auditor who raised these issues to management and to federal regulators.

On October 13, 2015, a former internal auditor of Bank of Internet filed a federal lawsuit alleging that he was fired after revealing wrongdoing at the bank to management and federal regulators. As a result of this news, shares of BofI have fallen from a close of $142.54 per share on October 12, 2015, to a recent close of just $118.36 per share on October 15, 2015.

If you suffered a loss in BofI Holding you have until December 14, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email, by telephone at 212.425.1140, or visit

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.  Attorney advertising. Prior results do not guarantee similar outcomes.

Vincent Wong, Esq.
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