Gen Re Exec Gets 2 Years In Prison

Law360 (December 16, 2008, 12:00 AM EST) -- A judge has sentenced former chief executive of General Reinsurance Corp. Ronald E. Ferguson to two years in prison for his alleged participation in a reinsurance fraud scheme that cost American International Group Inc. shareholders roughly $600 million.

Ferguson was also ordered to pay a $200,000 fine and will serve two years of supervised release.

Judge Christopher F. Droney of the U.S. District Court for the District of Connecticut, who sentenced Ferguson on Tuesday, had upped the sentencing guidelines based on the hundreds of millions of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.