Go to Home Page Legal
  
Insurance Law Center
Let your voice be heard by joining the community today. Sign up.
Insurance Law Center
Monthly Issues Focus:
Current Topics are Financial Meltdown and 2008 Election Results
RSS Email Alert




Insurance Law News
9/7/2008 11:12:04 PM EST
LexisNexis Insurance Center Staff
Prosecutors: Loss in AIG scheme exceeds $1B

NEW HAVEN, Conn. – (AP) Federal prosecutors in Connecticut said Sept 5 a scheme to manipulate the financial statements of the world's largest insurance company, American International Group Inc., resulted in a loss of more than $1 billion to investors. Four former executives of General Re Corp. and a former executive of American International Group were convicted in February of conspiracy, securities fraud, mail fraud and making false statements to the Securities and Exchange Commission. They await sentencing. Full version available to lexis.com subscribers.

Create an account or login to post comments.

Your Resources

Your Toolbox

Our Communities

Other Links