A former executive of Berkshire Hathaway-owned Irish reinsurer Cologne Re Dublin was sentenced to two years probation and fined $5,000 Monday for his role in the complex reinsurance scam that boosted American International Group's loss reserves by $500 million and landed five other former insurance executives in federal prison.According to a report in the Associated Press, John Houldsworth also was ordered to provide 400 hours of community service by U.S. District Judge Christopher Droney in Hartford, Conn.Droney noted that Houldsworth, 50, provided crucial information in the investigation...
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