STORY FROM: Reinsurance & Arbitration

Former AIG Exec Sentenced to Four Years in Prison

HARTFORD, Conn. - A Connecticut federal judge has sentenced former American International Group vice president Christian M. Milton to four years in prison and fined him $200,000 for his participation in a fraudulent scheme involving General Re Corp. and American International Group Inc. United States of America v. Milton, et al., No. 06-137 (D. Conn.).

The sentence was handed down on Jan. 27 by U.S. District Judge Christopher F. Droney of the U.S. District Court for the District of Connecticut.

In sentencing Milton, 61, the judge departed from federal sentencing guidelines, which called for life in prison. In October, ...

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