A Costa Rican insurance company pleaded guilty April 20 in federal court in Richmond, Va., to a $670 million insurance fraud scheme, while its majority owner’s trial began this week.

A plea agreement appears to have been reached in a case where a Costa Rican man allegedly led a $670 million life settlement scheme, according to an Associated Press report.

Two Costa Rican men accused of defrauding clients and investors of more than $670 million in an alleged life insurance scheme pleaded not guilty and requested jury trials.