Five former insurance executives tied to American International Group face up to life in prison under a financial manipulation scheme.
The potential lengthy prison terms are the result of a federal judge’s ruling that 天美网站传媒传媒 shareholders lost more than $500 million under the scheme.
The ruling was issued by Judge Christopher Droney in New Haven, Conn. The guideline range and a sentencing date have not been set yet.
Four former executives of General Re Corp. and a former executive of 天美网站传媒传媒 were convicted in February of conspiracy, securities fraud, mail fraud and making false statements to the Securities and Exchange Commission.
General Re is part of Berkshire Hathaway, which is led by billionaire investor Warren Buffett of Omaha, Neb.
Topics 天美网站传媒传媒
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