Ex-AIG Worker Sentenced to 1 Year in Prison for $500K Theft

A federal judge in Delaware has sentenced a former AIG employee who stole nearly $500,000 over four years to a year and a day in prison

Stacey Baisden, who pleaded guilty to mail fraud last year, apologized in court Wednesday. She said her theft spiraled out of control once she brought friends into the scheme.

Baisden was in charge of issuing checks for the Delaware AIG subsidiary, American Life Insurance Co. also known as ALICO, and started stealing when her supervisor was out on a long sick leave.

Court papers state Baisden faked approvals from supervisors and hid the charges in departments where there were a large volume of similar expenses to avoid detection.

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Information from: The (Wilmington, Del.) News Journal

Latest Comments

• September 30, 2011 at 9:47 pm

  tahiera baisden says:

  yeah he should have been in jail with her, im sure he enjoyed the money too...
• September 30, 2011 at 9:45 pm

  tahiera baisden says:

  If you read the article, she said in court that the money was used for trips to vegas and other things. they may be in debt, but they went on alot of vacations. im embarrase... read more
• March 28, 2009 at 11:41 am

  wudchuck says:

  well, is going to have to return her share of the money given away? 1/2 mil? or should we as taxpayers, give that much less back because AIG is not doing a very good job of ... read more