Former General Re associate general counsel Robert Graham could spend the rest of his life in jail after a federal jury convicted him and four other defendants for aiding a sham deal with American International Group (AIG), writes Corporate Counsel magazine.
Graham was found to have played a key role in a fraudulent reinsurance deal in 2000 between Gen Re – a subsidiary of Warren Buffett’s Berkshire Hathaway holding company – and regular customer AIG, designed to make AIG appear in better financial shape than it really was.
