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Buffett's assistant Debbie Bosanek confirmed that the charge was related to DC Solar. Bloomberg News had previously announced its identity.
Berkshire's report did not identify the sponsor by name, and Buffett's conglomerate based in Omaha, Nebraska, was not charged with wrongdoing.
DC Solar's lawyers did not immediately respond to requests for comment.
DC Solar, whose products include solar generators as well as lighting towers that can be used at sporting events, filed for Chapter 11 bankruptcy protection in February in Reno, California. Nevada.
In an affidavit of February 8 relating to this procedure, an FBI agent said that the manner in which the Benecia, California-based company appeared to have worked, reflected "the evidence of a fraudulent investment-type scheme."
The US Securities and Exchange Commission has accused DC Solar owners, by name, of engaging in a Ponzi scheme, according to a separate court record.
Berkshire's charge reduced first-quarter operating income to $ 5.56 billion, up 5% from the previous year.
This year's results exclude the impact of Berkshire's 26.7% stake in Kraft Heinz Co, which has yet to report its quarterly results.
Berkshire's $ 340 million investment is modest compared to its $ 738.7 billion assets, which include equity investments of $ 191.8 billion and $ 114.2 billion of liquidity . The company also has its own renewable energy projects.
WATCH: Why bad news does not affect Buffett's strategy
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