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Brazil Regulator Fines Ex-IRB CFO for Fake Berkshire Claim
riotimesonline.com · 13d · first report
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Across 1 sources · syndicated copies counted once
Brazil · Markets Key Facts —The lie. Former IRB CFO Fernando Passos planted a false story in 2020 that Berkshire Hathaway had taken a stake in the Brazilian reinsurer. —The penalty. The CVM fined Passos the maximum administrative penalty of R$20 million for stock price manipulation. —The acquittal. Ex-CEO José Carlos Cardoso was unanimously acquitted […] The post Brazil Regulator Fines Ex-IRB CFO for Fake Berkshire Claim appeared first on The Rio Times .
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