By Adrianne Appel2023-04-25T22:33:00
A publicly traded Brazilian reinsurance company agreed to pay $5 million to harmed investors after its former chief financial officer allegedly lied about Berkshire Hathaway investing in the company.
Fernando Passos, the former CFO of IRB Brasil RE, spread the false information in an effort to lure more investors, according to an indictment unsealed in April 2022 and filed in U.S. District Court for the Southern District of Iowa.
The Department of Justice (DOJ) announced Monday the company entered into a non-prosecution agreement (NPA) with the agency regarding the alleged scheme.
2023-05-24T18:17:00Z By Aaron Nicodemus
Digital video subscription service Gaia will pay a $2 million fine to the Securities and Exchange Commission for allegedly overstating its paid subscribers and retaliating against an internal whistleblower.
2023-04-12T21:48:00Z By Adrianne Appel
The former chief investment officer and founder of investment adviser Infinity Q Capital Management was sentenced to 15 years in prison and ordered to forfeit $22 million for artificially inflating the values of certain derivatives to defraud investors.
2023-04-12T16:47:00Z By Adrianne Appel
Two former executives of trucking company Celadon Group each agreed to pay $50,000 to settle charges levied by the Securities and Exchange Commission they engaged in accounting fraud to inflate the company’s earnings.
2025-10-17T21:09:00Z By Oscar Gonzalez
Even though the U.S. federal government is currently shut down, the U.S. Securities and Exchange Commission appears to still be at work. The financial regulator is reportedly investigating a major insurance and asset management company over its accounting practices.
2025-10-16T20:38:00Z By Neil Hodge
Europe’s massive financial sector has become a magnet for illicit money flowing through its banks and markets. A new EU agency will be taking the problem head-on to fight against money laundering.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
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