Brooke Corp. Founder Pleads Guilty To Deceiving SEC

Law360, Chicago (June 28, 2013, 1:39 PM EDT) -- The founder of Brooke Corp., a defunct Kansas-based insurance holding company, pled guilty on Thursday to misleading the U.S. Securities and Exchange Commission about the company's financial health as it descended into bankruptcy.

Robert D. Orr, 59, changed his plea to guilty at a court hearing before U.S. District Judge Julie A. Robinson, according to court documents.

He admitted that, while serving as nonexecutive chairman of Brooke Corp. in 2007, the company filed an annual report with the SEC that painted “a more financially robust” picture...
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