Costa Rican Insurer Hit With $108M Judgment For Fraud Role

By Juan-Carlos Rodriguez ( July 10, 2012, 7:07 PM EDT) -- The U.S. Securities and Exchange Commission won a $108.4 million judgment in Virginia federal court Tuesday against Costa Rica-based Provident Capital Indemnity Ltd., which sold reinsurance bonds backing life insurance investments, for its role in a $485 million criminal fraud....

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