Home -> Law Blog Directory -> Criminal Law Blogs -> New Jersey Criminal Defense Blog

Criminal Law

: New Jersey Criminal Defense Blog

New Jersey Accounting Fraud Case Sentences Former Executive

By Lependorf & Silverstein

An Upper Saddle River, New Jersey, man has been sentenced to a year and a day in federal prison for an accounting fraud scandal, which apparently artificially propped up the stock price of insurer American International Group Inc. According to this news report, Christopher Garand, who served as a senior vice president at Gen Re, was also fined $150,000 and will be under two years of supervised release after the term ends for his role in the case. The 61-year-old Garand is one of five former executives convicted on fraud and conspiracy charges in February 2008. Being charged with fraud in New Jersey can be a complicated criminal offense. Criminal fraud charges can be brought either against individuals or a business. The penalties for fraud, as seen in this particular case, can range from heavy fines and probation to lengthy prison terms...continue to full post

Full post as published by New Jersey Criminal Defense Blog on March 25, 2009 (boomark / email).