The last of five former General Re Corp. and American International Group (AIG) executives convicted by a federal jury in connection with an elaborate reinsurance scheme to boost AIG's loss reserves by $500 million was sentenced to spend a year and a day in federal prison Thursday.U.S. District Judge Christopher F. Droney sentenced Robert D. Graham, 61, of Westport, Conn., in Hartford and also ordered him to pay a fine of $100,000.Graham, former senior vice president and assistant general counsel of Gen Re, was convicted Feb. 25 of conspiracy, securities fraud, making false statements to t...
Comments