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RedneckInvestor

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RedneckInvestor

Re: None

Friday, 03/17/2006 9:09:10 PM

Friday, March 17, 2006 9:09:10 PM

Post# of 7479
Former General Re, AIG execs plead not guilty
Four were indicted earlier this month for their alleged role in a $500-million book-cooking scheme.
February 16, 2006: 12:09 PM EST


ALEXANDRIA, Va. (Reuters) - Three former officers of the reinsurance unit of Warren Buffett's Berkshire Hathaway, and one former executive of insurance giant American International Group, pleaded not guilty in federal court Thursday.

The four were indicted earlier this month on 13 criminal counts of conspiracy, fraud and making false statements for their role in an alleged $500-million book-cooking scheme.

Shares in AIG (down $0.45 to $67.84, Research) fell 0.8 percent on the New York Stock Exchange Thursday.

Class A shares of Berkshire Hathaway fell 0.1 percent.


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