Getting your player ready...
HARTFORD, Conn. — A former senior vice president at General Re Corp. was sentenced Wednesday to a year and a day in federal prison for an accounting fraud scandal that artificially propped up the stock price of insurer American International Group Inc.
Christopher Garand, 61, was also fined $150,000 for his role in the case, which authorities say cost AIG shareholders more than $500 million.
Garand is one of five former executives convicted in the case.
The Associated Press
