Christian Milton, a former executive of
Milton, who previously served as AIG's VP of reinsurance, declined to comment during a hearing in federal court on Tuesday in Hartford, Conn. He was ordered to report to prison March 25 to serve a four-year sentence.
Milton was convicted last year of conspiracy, securities fraud, mail fraud and making false statements to the Securities and Exchange Commission.
In a statement, Milton’s attorneys said they are working on an appeal.
Prosecutors say the fraud involved executives from AIG and General Re Corp., which propped up AIG's stock price and inflated reserves by $500 million.