5 Top Brooke Execs Settle SEC Fraud Claims

Law360, New York (May 4, 2011, 6:08 PM EDT) -- Five of six former executives affiliated with Kansas-based Brooke Corp. settled the government’s claims that they engaged in a massive financial fraud that tumbled the insurance holding company's subsidiaries into bankruptcy, the U.S. Securities and Exchange Commission said Wednesday.

The settling defendants, Brooke founder Robert D. Orr, his brother Leland G. Orr, Michael S. Lowry, Michael S. Hess and Travis W. Vrbas, all are former CEOs or former chief financial officers of Brooke affiliates Brooke Capital Corp. and Aleritas Capital Corp.

Without admitting or denying the...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Orr et al


Case Number

2:11-cv-02251

Court

Kansas

Nature of Suit

Securities/Commodities

Judge

Sam A. Crow

Date Filed

May 4, 2011

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.