February 3, 2006: The DOJ indicted ex-AIG honcho Maurice Greenberg's former execs in a probe of complex reinsurance deals. General Re, a crown jewel in the portfolio of Warren Buffett's Berkshire Hathaway had three of its senior execs indicted. Christian Milton, former head of AIG's massive reinsurance operations, indicted on 13 counts of aiding and abetting securities fraud; former General Re CEO Ronald Ferguson, former CFO Elizabeth Monrad and Robert Graham, assistant general counsel. "The scheme was designed to mislead analysts and the investing public," said an assistant US attorney. Federal prosecutors said AIG paid General Re $5.2M — via...
