Reinsurance Exec Faked Berkshire Investment, Feds Say

By Max Jaeger · April 18, 2022, 6:48 PM EDT

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....

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Case Information

Case Title

United States Securities and Exchange Commission v. Passos

Case Number

1:22-cv-03156

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

April 18, 2022