Houldsworth pleads guilty in Gen Re case
A former executive at Berkshire Hathaway's General Re insurance unit has pleaded guilty to helping American International Group (AIG) concoct a sham transaction that made AIG's finances appear better than they were.
As part of a plea bargain, John Houldsworth is aiding a Justice Department investigation into the companies. He faces up to five years in prison on the single count of conspiracy to file falseOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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