{"entity":{"id":397,"slug":"commonwealth-bankshares","name":"Commonwealth Bankshares","type":"company","role":"Bank holding company that understated losses during November 2008-August 2010 period","description":null,"imageUrl":null,"createdAt":"2026-04-08T17:45:24.373Z","updatedAt":"2026-04-08T17:45:24.373Z"},"electedOffice":null,"significance":{"score":4.8,"components":{"totalFindings":0,"connectionDegree":0.8,"recentFindings90d":0,"activeResearchJobs":0,"goblinAttributions":4,"recentSyntheses90d":0,"moneyFlowChainsTotal":0,"closedLoopMemberships":0,"moneyFlowHopsRecent90d":0},"computedAt":"2026-10-17T01:36:44.127Z"},"facts":[{"id":10534,"text":"<cite index=\"14-1,14-3\">Commonwealth understated its allowance for loan and lease losses by approximately 17 to 25 percent from November 2008 to August 2010</cite>","confidence":"primary","dateOccurred":"2008-11-01","source":{"title":"SEC enforcement action","url":"https://www.sec.gov/Archives/edgar/data/1331421/000149315224002935/form8-k.htm","publication":"Directed Inquiry — Web Search"}},{"id":21421,"text":"Commonwealth Bankshares filed filing with the SEC on 2006-03-30. Accession number: N/A.","confidence":"secondary","dateOccurred":"2006-03-30","source":{"title":"SEC EDGAR: filing — Commonwealth Bankshares (2006-03-30)","url":"https://efts.sec.gov/LATEST/search-index?q=%22Commonwealth%20Bankshares%22&dateRange=custom&forms=4,SC%2013D,SC%2013G,DEF%2014A,10-K,10-Q","publication":"SEC EDGAR"}},{"id":21426,"text":"Search scope note: No parliamentary records found for \"Commonwealth Bankshares\" in automated database search as of 2026-04-23. This reflects search coverage limits, not confirmed absence from public record.","confidence":"inferential","dateOccurred":null,"source":null},{"id":21425,"text":"Search scope note: No court records found for \"Commonwealth Bankshares\" in automated database search as of 2026-04-23. This reflects search coverage limits, not confirmed absence from public record.","confidence":"inferential","dateOccurred":null,"source":null},{"id":21424,"text":"Search scope note: No lobbying disclosures found for \"Commonwealth Bankshares\" in automated database search as of 2026-04-23. This reflects search coverage limits, not confirmed absence from public record.","confidence":"inferential","dateOccurred":null,"source":null},{"id":21423,"text":"Search scope note: No corporate registrations found for \"Commonwealth Bankshares\" in automated database search as of 2026-04-23. This reflects search coverage limits, not confirmed absence from public record.","confidence":"inferential","dateOccurred":null,"source":null},{"id":21422,"text":"Search scope note: No usaspending contracts found for \"Commonwealth Bankshares\" in automated database search as of 2026-04-23. This reflects search coverage limits, not confirmed absence from public record.","confidence":"inferential","dateOccurred":null,"source":null}],"connections":[{"id":13861,"relationshipType":"affiliation","description":"Commonwealth Bankshares listed in the known entities list alongside Cynthia A. Sabol and Edward J. Woodard, implying a possible connection in the context of loan loss allowance understatement.","confidence":"inferential","firstDocumented":"2006","lastDocumented":null,"other":{"id":399,"name":"Cynthia A. Sabol","slug":"cynthia-a-sabol","type":"person"}},{"id":13860,"relationshipType":"affiliation","description":"Commonwealth Bankshares listed in the known entities list alongside Edward J. Woodard and Cynthia A. Sabol, suggesting a shared context possibly related to understated loan loss allowances from November 2008 to August 2010.","confidence":"inferential","firstDocumented":"2006","lastDocumented":null,"other":{"id":398,"name":"Edward J. Woodard","slug":"edward-j-woodard","type":"person"}}],"contradictions":[],"permalink":"https://www.goblinhouse.net/entity/commonwealth-bankshares","timelineUrl":"https://www.goblinhouse.net/entity/commonwealth-bankshares/timeline"}