Ex-Gen Re boss jailed for "cooking the books" in AIG fraud
A former insurance executive was sentenced to two years in prison on Tuesday for a scheme that prosecutors said allowed the American International Group to manipulate its financial statements through a sham reinsurance deal eight years ago.
Ronald Ferguson, a former chief executive officer of General Re, a reinsurance unit of Warren Buffett's Berkshire Hathaway, is the first of five defendants convicted in the fraud to hear his sentence
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