Ex-General Re Execs ‘Resolve’ Case

Deal forestalls five executives’ retrial on accounting fraud charges, according to filing.

Four former General Reinsurance Corp. executives and one at American International Group Inc. would win dismissal of accounting fraud charges under proposed deferred-prosecution agreements with the government.

The Justice Department Friday filed in court five agreements with the executives, who were convicted in 2008 of fraud for helping to deceive AIG investors through a sham transaction in 2000 and 2001.

New Trial

Thomas Carson, a spokesman for U.S. Attorney David B. Fein in Connecticut, declined to comment on the agreements. The case was handled by the federal prosecutors in Connecticut and the Eastern District of Virginia and at the Justice Department in Washington.

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