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Mealeys

Mealey's Insurance - DOJ Updates Judge In SEC's Case Over Schemes To Defraud Insurers, Reinsurance Trusts

NEW YORK - The U.S. Department of Justice wrote to a New York federal judge on Jan. 17 updating him on the status of pending criminal proceedings that served as the reasons for a stay of the Securities and Exchange Commission's lawsuit alleging that two individuals "perpetrated multiple schemes to defraud their advisory clients, which were insurance companies and reinsurance trusts" (United States v. Alexander C. Burns, et al., No. 18-9477, S.D. N.Y.).
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