$BofI控股(BOFI)$ BofI Holding drops as allegations of impropriety made in lawsuit In a lawsuit filed on March 24 in a New Jersey bankruptcy court, Daniel E. Straffi, in his capacity as Chapter 7 Trustee for and on behalf of the bankruptcy estate of Lam Cloud Management, alleged that a loan, dubbed the "QB Loan", was originated and funded by BofI Holding, and serviced by, and immediately assigned by BofI to, Quick Bridge. "In a blatant and transparent attempt to evade [California] state usury laws, QB engaged in a 'rent a charter scheme' by retaining BofI, a federally chartered bank, to originate the QB Loan. QB generated, serviced and assumed the risk of nonpayment of the QB Loan and was its true lender," the lawsuit alleges. In early afternoon trading, BofI Holding shares are down $2.01, or 7.2%, to $26.07.