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December 31, 2004
SEC widens insurance probe
Berkshire Hathaway, the US conglomerate run by Warren Buffett, has been caught up in a widening investigation into alleged misuse of insurance products to manipulate company earnings.
Regulators at the Securities and Exchange Commission have requested documents and other information from General Re, Berkshire's reinsurance subsidiary, relating to the sale of so-called “loss-mitigation”products.
Posted by Tom Troceen