Four former top executives of Berkshire Hathaway's General Re Corp. and one former senior American International Group official were indicted last week by the U.S. Attorney's Office in Connecticut for allegedly manipulating AIG's financial statements.
This indictment supersedes a previous indictment of four of the defendants in Virginia earlier this year after a district judge there transferred the case to Connecticut.
The executives were charged in a multicount indictment with conspiracy to violate federal securities laws and commit mail fraud, as well as with securities fraud and making false statements to the Securities and Exchange Commission.
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.