 |
Welcome to AmpmInsure Community Discussions. We are sharing our knowledge and experience to learn more about Insurance together. Please navigate through our discussion categories to explore more. If you are not a member yet, please signup with the community for better experience (If you are a member login now.). As a community we are also working hard towards earning more money together. Know more
|
|
| US Trial of Ex-Gen Re, AIG Insurance Execs Begins |
| Do you recommend this story? |
|
|
| Total Votes : 0 |
|
| |
|
|
|
The trial commenced today of five former executives that worked at a reinsurance unit of billionaire Warren Buffett''s Berkshire Hathaway Inc. The prosecutor says they engaged in a fraud that misled investors in American International Group Inc.
The Assistant U.S. Attorney stated that "The deal appeared to be legitimate, but evidence in reality showed the deal was nothing but a sham transaction to deceive analysts and shareholders -- and these five defendants knew it."
Added on: Tue Jan 08, 2008 5:03 am by :
lilacsigh
|
|
 |
 |
 |
 |
|
 |
|
|