Deal includes promise to testify against AIG; SEC suit targets Greenberg
Two former reinsurance company executives from the same corporate family entered guilty pleas last week in federal court involving charges that they helped facilitate a phony accounting scheme at American International Group. Both are cooperating in various probes of AIG's bookkeeping.
In the first plea filed, John Houldsworth, a former chief executive at Cologne Re Dublin, pleaded guilty to federal criminal conspiracy charges and agreed to testify against management at AIG.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
