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Re/Max concludes its internal investigation into wrongdoing

But the failure to disclose the loan was "unintentional," and "remedial measures" will be implemented.

Officials at Re/Max Holdings Inc. said former CEO and co-founder Dave Liniger violated company policies and "created an actual or apparent conflict of interest" when he loaned new sole CEO Adam Contos $2.375 million.

But the failure to disclose the loan was "unintentional," and "remedial measures" will be implemented.

Back in November, the Denver-based real estate giant (NYSE: RMAX) said it would investigate "allegations of wrongdoing" by Liniger and Contos. The company's quarterly earnings report was delayed because of the investigation.

On Thursday, the special committee that investigated the allegations said its work was complete.

Read more at the Denver Business Journal: http://bit.ly/2EJuF1I

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