One of the executives responsible for the downfall of Nicholas Schorsch’s financial empire has been barred from serving as an officer or director of financial firms.

Brian S. Block, formerly the CFO of American Realty Capital Properties (ARCP), consented to final judgment in a civil action in the U.S. District Court for the Southern District of New York brought by the U.S. Securities and Exchange Commission alleging that Block cooked his former employer’s books.

The SEC announced Wednesday that it had obtained final judgment against Block in the district court.

ARCP, now known as VEREIT, was a non-traded real estate investment trust (REIT) founded by Schorsch in 2010. By the fall of 2013, after a flurry of acquisitions, ARCP controlled a portfolio worth $21 billion. A year later, the accounting scandal allegedly touched off by Block would force Schorsch to resign as ARCP chairman and begin to unwind his financial empire, including RCS Capital. At the time, RCS, also known as RCAP, had grown a network of thousands of broker-dealers.

Block was originally charged with inflating ARCP’s accounting numbers in September 2016. In the SEC’s original complaint, Block and former chief accounting officer Lisa P. McAlister were alleged to have manipulated ARCP’s adjusted funds from operations to make it look as if the company had met financial estimates when it had actually fallen short in early 2014.

In October 2014, ARCP revealed that it had made a $23 million accounting error in its report, and McAlister and Block resigned from the firm. As a result, ARCP share prices declined, erasing nearly $4 billion in market value, and Schorsch, along with CEO David Kay, also resigned.

Schorsch would eventually resign from many of his leadership roles at other firms, and RCS Capital, one of his largest enterprises, filed for Chapter 11 bankruptcy in January 2016.

ARCP would rebrand itself as VEREIT, while the remnants of RCAP emerged from bankruptcy to form Cetera Financial Group.

McAlister pled guilty to criminal fraud charges in 2016, choosing to cooperate with the government’s cases, while Block was found guilty of six counts of conspiracy and fraud in a parallel criminal case and sentenced to 18 months in prison last year.

Block consented to a $160,000 civil penalty and a permanent officer and director bar. Block has also consented to an SEC order suspending him from appearing or practicing before the commission as an accountant.