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Criminal Law

: Sentencing Law and Policy

Another former AIG executive gets serious prison time, but also a serious variance

By Douglas A. Berman

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This Rueters piece provides the basics on a notable white-collar sentence handed down today: A former executive at American International Group Inc was sentenced to four years in prison on Tuesday for his role in a reinsurance deal that prosecutors said misled AIG investors. Christian Milton, a former AIG vice president of reinsurance, and four former executives at Berkshire Hathaway Inc's General Re Corp business were found guilty last February of conspiracy and fraud.... According to sentencing guidelines, Judge Christopher Droney of U.S. District Court in Hartford, Connecticut, could have sentenced Milton, of Wynnewood, Pennsylvania, to as much as 210 years in prison. Ronald Ferguson, General Re's former chief executive, was sentenced to two years in prison last month in the same case...continue to full post

Full post as published by Sentencing Law and Policy on January 27, 2009 (boomark / email).

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