Examiner blasts Garamendi over seizure of First Capital: report also cites faux pas by KPMG Peat Marwick.
Los Angeles Business Journal › March 30, 1992
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Summary
US Bankruptcy Court Judge Samuel Bufford; State Insurance Commissioner John Garamendi
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Extract
Examiner blasts Garamendi over seizure of First Capital: report also cites faux pas by KPMG Peat Marwick.
State Insurance Commissioner John Garamendi bungled badly when he seized life insurer First Capital Life last May, and he is now trying to cover his tracks by keeping financial records secret, suggests an explosive court-ordered report submitted under seal to U.S. Bankruptcy Court Judge Samuel Bufford.
Further, accounting firm KPMG Peat Marwick's Los Angeles office knew of...See the full content of this document
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