old crime Jan. 28, 2009

Former AIG Exec Gets Four Years

By Jessica Pressler, a writer living in New York. She has contributed to New York Magazine since 2007.

Christian Milton, a former vice-president at AIG, is headed to prison after being convicted of securities fraud, mail fraud, and conspiracy. Prosecutors say he spearheaded a plot to take out reinsurance policies that propped up AIG’s stock price and inflated their reserves. His age? 61. Can’t trust ‘em. [NYT]

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Former AIG Exec Gets Four Years

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