Max Capital COO Minton corrects website bio
NEW YORK (Bloomberg) — Peter Minton, chief operating officer at Max Capital Group Ltd., corrected biographical information on his company's website to remove a reference to graduating from the University of California, Los Angeles.
Minton's profile was changed to show he received a bachelor's degree from California State University, Northridge and not UCLA, Peter Hill, a spokesman for Max Capital, said in an interview. Bermuda-based Max Capital sells life and property-casualty reinsurance.
"There was never any misrepresentation," Hill said. "Peter Minton in his personnel file and in a number of internal files, in press releases and in a few regulatory items that the company has identified has always been accurately represented as having gone to California State."
The correction was reported earlier by Dow Jones Newswires. The discrepancy in Minton's profile was discovered by Barry Minkow, co-founder of the Fraud Discovery Institute, according to the Dow Jones story. San Diego-based Fraud Discovery is a licensed private investigator that uses software to ferret out irregularities at publicly traded companies. Minkow served seven years in federal prison after being convicted in 1988 of fraud while running ZZZZ Best Inc.
Hill sent Bloomberg a copy of Minton's degree from California State, which he said Max Capital has had since Minton joined the firm in April 2000. Hill also sent a 1999 Business Wire statement by Scudder Kemper Investments Inc., a former employer of Minton's, that says he graduated from California State.
Hill, who is employed by New York communications company Kekst & Co., declined to say how the error on the website was made and for how long the profile was incorrect. Minton, 50, wasn't immediately available for comment, Hill said.