Christian Milton, a former vice president of American International Group convicted last year in connection with a scheme to manipulate the company's financial statement through a finite reinsurance deal with General Re Corp., was sentenced today to four years in prison.
Mr. Milton, who was found guilty of conspiracy, securities fraud, false statements to the Securities and Exchange Commission, and mail fraud, was sentenced to serve four years on each count by Federal District Court Judge Christopher F. Droney sitting in Hartford, Conn. The sentence is to run concurrently, according to a spokesman for the U.S. Attorney's Office.
In addition to the four years in prison, Mr. Milton was sentenced to serve two years of supervised release and pay a fine of $200,000.
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