2 Brooke Corp. Execs Must Pay $1.3M In SEC Fraud Suit

Law360, New York (April 23, 2012, 8:17 PM EDT) -- A Kansas federal judge has ordered two former Brooke Corp. executives to pay a combined $1.3 million in disgorgement and penalties surrounding their involvement in a massive securities fraud that knocked the insurance holding company's subsidiaries into bankruptcy.

U.S. District Senior Judge Sam A. Crow rejected Robert and Leland Orr’s attempts to dispute some of the allegations in the U.S. Securities and Exchange Commission's complaint based mostly on the fact that the brothers signed a settlement with the agency last year that waived their ability to do so....
To view the full article, register now.