Hartford, Conn. — After a month-long trial in federal court that included six days of complex deliberations, five former insurance company executives were found guilty last week of taking part in a plan to manipulate the financial statements of American International Group Inc. (AIG).
The defendants include former General Re Corp. CEO Ronald Ferguson; former General Re SVP Christopher Garand; former General Re CFO Elizabeth Monrad; and Robert Graham, a General Re SVP and assistant general counsel from about 1986 through October 2005. Christian Milton, AIG's VP of reinsurance from about April 1982 until March 2005, also was charged.
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