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United States Securities and Exchange Commission v. Passos
Case Number:
1:22-cv-03156
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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February 26, 2026
Exec To Pay SEC Fine Over Fake Berkshire Hathaway Deal
A former Brazilian reinsurance executive will pay a $500,000 civil penalty to end U.S. Securities and Exchange Commission allegations that he improperly sought to boost shares of his company by means of planting false stories that Warren Buffett's Berkshire Hathaway had acquired a significant stake in the business.
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April 18, 2022
Reinsurance Exec Faked Berkshire Investment, Feds Say
A Brazilian reinsurance executive sent his company's stock on a disastrous roller-coaster ride by planting a fake news story that Berkshire Hathaway had financially backed the firm, U.S. prosecutors alleged Monday.