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.
They were sentenced to prison terms of as much as four years. An appeals court overturned the convictions and ordered a new trial in Hartford, Connecticut.
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