Comment on Ex-Gen Re executive gets 1 year in prison

Ex-Gen Re executive gets 1 year in prison

A former senior vice president at General Re Corp. has been sentenced to a year and a day in federal prison for an accounting fraud scandal that authorities say cost shareholders of insurer American International Group Inc. more than $500 million.A federal judge in Hartford also fined Christopher Garand of Upper Saddle River, N.J., $150,000 on Wednesday.

 

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