Brazilian reinsurer resolves US probe into fake Berkshire Hathaway story

WASHINGTON — A Brazilian reinsurer entered a nonprosecution agreement and will pay $5 million to resolve a U.S. probe into a false story that the company had received a significant investment from billionaire Warren Buffett’s Berkshire Hathaway Inc. The U.S. Department of Justice said the payment by IRB Brasil Resseguros…Read More

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