sec whistleblower attorneys
June 17, 2020
AmTrust Financial Services, Inc., Ronald E. Pipoly, Jr.
Financial Fraud
SANCTION AMOUNT: $10537499
Defendants: AmTrust Financial Services, Inc.
Ronald E. Pipoly, Jr.
Amtrust Financial Services and its former CFO settled charges that they failed to properly disclose the company's process for reporting management's best estimate of loss reserves in its filings with the SEC, with undisclosed adjustments that eventually exceeded $300 million and impacted all of the company's reporting segments.
- Key Docs
- Official SEC press release
