Washington — The former CEO of General Re Corp. (Gen Re) was sentenced today for his role in a fraudulent scheme to manipulate AIG’s financial statements, the Department of Justice announced.
Ronald Ferguson, 66, of Fairfield, Conn., Gen Re’s CEO from approximately 1987 through September 2001, was sentenced to two years in prison after being convicted by a federal jury on Feb. 25, 2008, on charges of conspiracy, securities fraud, false statements to the U.S. Securities and Exchange Commission (SEC) and mail fraud. In addition, U.S. District Judge Christopher Droney sentenced Ferguson to two years of supervised release following his prison term and a fine of $200,000.
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