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Two former executives of Brixmor Property Group Inc., the ex-CEO and ex-CFO, have been charged with manipulating income at the New York-based shopping-center owner.

Michael Carroll, who was CEO, and Michael Pappagallo resigned in February 2016 following a discovery by the audit committee that employees were “smoothing” income to make quarterly results more consistent and within guidance issued by the company. Carroll, 51, and Pappagallo, 60, manipulated same-store net operating income “to fraudulently convey to the investing public that Brixmor was accomplishing predictable, consistent, and stable growth quarter after quarter,” prosecutors said in an indictment unsealed last week.

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