Gen Re, AIG executives convicted of fraud
They now face up to 230 years each in prison and fines of up to $46 million, according to the Department of Justice.
A handful of high level insurers were convicted yesterday by the U.S Department of Justice for taking part in a plan to manipulate financial statements, according to published reports.
The defendants include former General Re Corp. CEO Ronald Ferguson; Christopher P. Garand, senior vice president;
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