Ex-AIG, Gen Re Execs Settle $500M Accounting Fraud Charges

Law360, New York (June 22, 2012, 4:09 PM EDT) -- Federal prosecutors in Connecticut have settled criminal charges against five former General Reinsurance Corp. and American International Group executives whose convictions over an alleged $500 million accounting scandal were tossed in August, they said Friday.

The government said in a consent motion that it had reached undisclosed agreements with ex-Gen Re CEO Ronald Ferguson, ex-Chief Financial Officer Elizabeth Monrad, former vice presidents Christopher Garand and Robert Graham, and former AIG Vice President of Reinsurance Christian Milton.

Prosecutors said they would file formal settlement papers with the...
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