Federal regulators said they are considering how much they will ask a federal judge to penalize the last Brightpoint executive to be found guilty of an accounting scheme that involved his company and American International Group.
Convicted Friday in Manhattan U.S. District Court for his role in an illicit transaction involving finite reinsurance was Timothy Harcharik, the former director of risk management for Brightpoint.
Mr. Harcharik was tried on civil charges brought by the Securities and Exchange Commission. Two other executives of the Plainfield, Ind.-based wireless phone distributor entered guilty pleas in the case.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
