Thursday, September 17, 2009
Former Gen Re Senior Vice President Sentenced
Nora R. Dannehy, United States Attorney for the District of Connecticut, and Dana J. Boente, United States Attorney for the Eastern District of Virginia, announced that Richard Napier, 58, of Wilton, Conn., was sentenced today by United States District Judge Christopher F. Droney in Hartford, Conn., to two years of probation for his role in a fraudulent scheme to manipulate AIG's financial statements. Napier also was ordered to pay a fine in the amount of $10,000 and to perform 400 hours of community service. On June 10, 2005, Napier pleaded guilty to one count of conspiring to commit securities fraud.
Posted by Jonathan Kantrowitz at 4:10 PM