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5 Execs Found Guilty of Fraud in Gen Re-AIG Trial
National News • February 25, 2008
A federal court jury in Hartford, Connecticut has found four former General Re Corp. executives and one former American International Group executive guilty of corporate fraud and conspiracy ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Ferguson and Garand | BAM | Apr 12, 2008, 7:10 am |
| Ferguson and Garand | John Peters | Apr 12, 2008, 7:00 am |
| RE: RE: RE: You All Miss the Point | grixepipleree | Mar 23, 2008, 12:17 pm |
| RE: RE: RE: See what I mean | Pud | Feb 26, 2008, 8:56 pm |
| RE: RE: RE: You All Miss the Point | Pud | Feb 26, 2008, 8:55 pm |
| RE: Let's not forget the NCCI case | dot_hemath | Feb 26, 2008, 8:40 pm |
| Let's not forget the NCCI case | John Gault | Feb 26, 2008, 8:10 pm |
| RE: RE: See what I mean | timaeus | Feb 26, 2008, 2:39 pm |
| RE: RE: Gen Re - AIG | timaeus | Feb 26, 2008, 2:38 pm |
| RE: You All Miss the Point | Jesse | Feb 26, 2008, 1:48 pm |
| RE: RE: RE: RE: Out of the Box | Titanic watcher | Feb 26, 2008, 1:38 pm |
| RE: RE: RE: RE: RE: Out of the Box | Mrs Obvious | Feb 26, 2008, 12:53 pm |
| RE: RE: You All Miss the Point | Norm Nunnally | Feb 26, 2008, 12:03 pm |
| RE: RE: RE: See what I mean | Pud | Feb 26, 2008, 11:12 am |
| RE: RE: RE: RE: Out of the Box | former reinsurer | Feb 26, 2008, 10:45 am |
| RE: RE: RE: RE: Out of the Box | Nobody Important | Feb 26, 2008, 10:25 am |
| RE: RE: RE: Out of the Box | GT | Feb 26, 2008, 8:29 am |
| RE: RE: Out of the Box | Nobody Important | Feb 26, 2008, 8:05 am |
| RE: Out of the Box | cupojoe | Feb 26, 2008, 7:47 am |
| Out of the Box | Nobody Important | Feb 26, 2008, 7:42 am |
| RE: Gen Re - AIG | BAMMBAMM | Feb 26, 2008, 6:54 am |
| RE: RE: See what I mean | Jake | Feb 26, 2008, 6:44 am |
| RE: See what I mean | BAMMBAMM | Feb 25, 2008, 8:24 pm |
| See what I mean | Pud | Feb 25, 2008, 7:56 pm |
| comment on aig-re case | the real truth | Feb 25, 2008, 7:06 pm |
| RE: RE: RE: RE: If AIG defrauded public why are Gen Re execs | BAMMBAMM | Feb 25, 2008, 6:34 pm |
| Gen Re - AIG | Sebastian | Feb 25, 2008, 6:30 pm |
| RE: RE: RE: If AIG defrauded public why are Gen Re execs gui | Mr Ethics | Feb 25, 2008, 6:22 pm |
| RE: RE: If AIG defrauded public why are Gen Re execs guilty? | BAMMBAMM | Feb 25, 2008, 5:59 pm |
| RE: Comment on AIG-RE case | Mike | Feb 25, 2008, 5:52 pm |
| Securities/Bid Rigging Convictions Show Compliance Need | Cynthia Marcotte Stamer | Feb 25, 2008, 5:37 pm |
| RE: You All Miss the Point | No Problem? | Feb 25, 2008, 5:05 pm |
| The tragic truth | underbroker4 | Feb 25, 2008, 5:01 pm |
| Comment on AIG-RE case | Manuel Acevedo | Feb 25, 2008, 4:44 pm |
| You All Miss the Point | fed up | Feb 25, 2008, 4:25 pm |
| RE: CREATIVE ACCOUNTING HAPPENS EVERYDAY AT EVERY INSURANCE | Ahem | Feb 25, 2008, 4:25 pm |
| CREATIVE ACCOUNTING HAPPENS EVERYDAY AT EVERY INSURANCE COMP | X INSURER | Feb 25, 2008, 4:20 pm |
| amen, continued.... | mark hester | Feb 25, 2008, 4:13 pm |
| Another D.A. running for governor? | John Sterling | Feb 25, 2008, 4:12 pm |
| RE: Gen Re/AIG Fraud Trial | Mrs Obvious | Feb 25, 2008, 4:08 pm |
| RE: RE: Amen | Mrs Obvious | Feb 25, 2008, 4:05 pm |
| Gen Re/AIG Fraud Trial | Been Around Too Long | Feb 25, 2008, 4:02 pm |
| RE: Amen | mark hester | Feb 25, 2008, 3:59 pm |
| RE: If AIG defrauded public why are Gen Re execs guilty? | Mr. Obvious | Feb 25, 2008, 3:54 pm |
| If AIG defrauded public why are Gen Re execs guilty? | Dont Get It | Feb 25, 2008, 3:50 pm |
| Amen | Tarheel | Feb 25, 2008, 3:46 pm |
| I owe my soul to the devil | Bluemax | Feb 25, 2008, 3:42 pm |
| Back to article | ||
Subject: RE: RE: RE: RE: Out of the Box
But the whole criminal prosecution dimension of this smells, almost as badly as the business conduct of the Gen Re people. The reporting obligation is AIG's alone--that's why AIG's officers sign the filed statements--and law was broken when those statements were filed. While Gen Re might arguably have had civil-liability or reputational exposure for this deal, it's way too far a stretch to convict them of criminal wrong-doing. Prosecutors relied on the limited insurance-accounting understanding of the jury and upon inflammatory--indeed, histrionic--characterizations (e.g., "sham transactions" for funds-held arrangements).