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You are here: Home / News / Former Root Insurance Exec Pleads Guilty to Defrauding Company of More Than $10 Million

Former Root Insurance Exec Pleads Guilty to Defrauding Company of More Than $10 Million

November 30, 2023 By CollisionWeek Editor

Defendant used stolen funds to buy a yacht, amphibious plane, and luxury vehicle.

Brinson Caleb Silver, 43, the former Chief Marketing Officer of Root, Inc., the online car insurance company, pleaded guilty in a U.S. District Court in Ohio on November 28 to one count each of wire fraud and contempt of court. As part of his guilty plea, Silver agreed to pay more than $10.2 million in restitution.

US DOJ sealIn January, CollisionWeek reported that Root had disclosed in filings with the Securities and Exchange Commission that the company had launched an investigation into marketing payments made by Silver.

According to

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Filed Under: News Tagged With: Fraud, Lawsuits, Root Insurance, U.S. DOJ

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